Feel like going on a roller coaster?
Well i know money can sometimes get tight, especially when buying that 2nd or 3rd home for well “investing” reasons. I came across this great video on the net and i thought i would share it.
If you’re unfamiliar with the game roller coaster tycoon by Atari, it allows you to make custom tracks. You can do this in very different ways, but one way you can do it is by graphing out your points.
This smart fellow decided to take the real estate prices from 1890 till the present and graph it out using roller coaster tycoon, the best part is he’s going to take you along for the ride!
Enjoy!
To learn more please visit www.speculativebubble.com
June 20th, 2007 at 10:57 am
Is that for the Vancouver region, or as a worldwide? Either way, this seems like one of those extremely pessimistic warning hypes.
Interest rates will rise this year to curb inflation in Canada, which will work as it did before. Real estate prices in Vancouver won’t stop anytime soon. There’s such a disparity between local income and international investment, that it will turn into some place like Orange County (or somewhere like that.. can’t remember which city exactly) where 80% of its own residents cannot own - they rent. While rich investors from local but mostly from abroad take stakes in most of the real estate.
July 1st, 2007 at 5:56 am
Brilliant (although, it makes me as dizzy as the current real estate market). I’m with Jeff. I would love to know what region this is representing (Vancouver or Canada).