Ride the housing prices rollercoaster!

Economics can be awfully dull -- they don't call it the "dismal science" for nothing.

But here's a fun bit. Yale economist Robert Shiller went back and adjusted U.S. housing prices for inflation going all the way back to 1890. The data looked like this typical graph …


Click for larger version
(click for larger version)



Then he took that data, and plotted it to an animated rollercoaster, which you can view in the video clip to your right.

Are we in the midst of a housing bubble? Watch and see how comfortable you feel when you get to 2007 [ht: Freaconomics blog].

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