In the summer of 2005, you would have needed 550 ounces of gold to buy an average house. Today, you need more like 150 ounces of gold. That is a 73% decline in the “value” of real estate.
Image stolen from Iowahawk, best damn blog on the web.
In the summer of 2005, you would have needed 550 ounces of gold to buy an average house. Today, you need more like 150 ounces of gold. That is a 73% decline in the “value” of real estate.
Image stolen from Iowahawk, best damn blog on the web.