Let’s Get Something Straight

I heard some guy, some housing analyst on CNBC yesterday, tell viewers that homes were more affordable in 2003 than they are today due to the fact that people had better access to adjustable mortgages and interest only financing.  He went on to criticize Case-Shiller as being backwards looking, even 7 months old data.  Further

The Good Old Days

Last night I put on the original Great Gatsby with Robert Redford.  It’s not a particularly good movie really.  I guess it’s just a story that doesn’t translate from the page to the screen.  What struck me however, was this idea of when “times were good” that is, as in better than they are today,