Housing market: Part 9: A long term look at intrinsic values

400 years of prices in Amsterdam. Overvaluation, undervaluation, and how long the average bubble takes to build, pop, and recover.

I’m sure that long term readers of Valuabl are utterly fed up with my discussion of the housing market. No topic seems to elicit as much emotion from both sides of the table as this one does. And, despite my best efforts, I am consistently drawn back to this topic.

In Part 7 of this series, I wrote that:

“This post will, hopefully, conclude our discussion…