Depends on How You Look at It
Kuehn, Don, American Teacher
It was the best of times, it was the worst of times ...it was the spring of hope, it was the winter of despair. . . .
- CHARLES DICKENS. A Tale of TWo Cities
IT DEPENDS onhowyoulookatit, but today's economy is either very good (like if you are trying to buy a new home) or very bad (if you are trying to sell one). This recession is just another swing of the economic pendulum. The concept is "reversion to the mean."
Home prices - as bad as they may seem are still a bit high when measured against comparable rental costs. Between 1983 and 1999, most houses were priced at 13 to 15 years' rent. In 2006, that index had zoomed to 25 years. The index is now about 20 and …
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Publication information: Article title: Depends on How You Look at It. Contributors: Kuehn, Don - Author. Magazine title: American Teacher. Volume: 94. Issue: 1 Publication date: September 2009. Page number: 18. © American Federation of Teachers Feb 2009. Provided by ProQuest LLC. All Rights Reserved.
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