It is almost always fun to play with those sorts of visual charts. If you re-sort the columns it is evident that there is not correlation between areas that are tops/ bottoms in inventory, price decline, unemployment and the other various factors.
One way of interpreting data that has "low rational correlation" is that there are other factors that WOULD tie all these things together (and I suppose if you split the categories down in to more atomic slices / adjusted for population / created sub-categories) BUT ANOTHER interpretation is that there is LITTLE RATIONALITY at work now. Frankly I prefer that explanation, because I do believe that we are STILL IN A BUBBLE HANG_OVER...
Remember when the dot-com companies experienced rapid massive devaluation? There were still people looking to scoop up the ashes and feel like they were getting into "tech stocks" when it was clear that too many companies were not just over-valued but completely unneeded
Boo.com - Wikipedia, the free encyclopedia Webvan - Wikipedia, the free encyclopedia Startup.com - Wikipedia, the free encyclopedia The "hang over" of all these companies being liquidated, and their fancy office chairs being sold on eBay, along with their overpriced servers being rendered for scrap is still having echoes today:
Oracle Makes Bid for Sun Microsystems
My point is that by following the assumption that much of the data in the chart is due to what I suppose is the opposite of
Irrational exuberance - Wikipedia, the free encyclopedia or what I term "wrong headed negativity" it is entirely possible to find property that is artificially depressed and then live / invest in it for a fraction of its likely long term value...
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