Chart of the Day - Single-family homes priced in gold have plunged 75%

Many people realize that home values have really slipped. But thanks to the price of gold bottoming approximately the year 2000, home values measured in gold are actually much lower than you might realize. The folks at Chart of the Day are showing this today at http://www.chartoftheday.com/20100423.htm

Below is their information on this:

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Chart of the Day - Single-family homes priced in gold have plunged 75%
Today's chart presents the median single-family home price divided by the price of one ounce of gold. This results in the home / gold ratio or the cost of the median single-family home in ounces of gold. For example, it currently takes 153 ounces of gold to buy the median single-family home. This is considerably less that the 601 ounces it took back in 2001. When priced in gold, the median single-family home is down 75% from its 2001 peak and remains well within the confines of its five-year accelerated downtrend.

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Quote of the Day
"Gold is forever. It is beautiful, useful, and never wears out. Small wonder that gold has been prized over all else, in all ages, as a store of value that will survive the travails of life and the ravages of time." - James Blakely

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May 04, 2010 - National Teacher Day
May 05, 2010 - Cinco de Mayo (Mexico)

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