Many like to compare the current situation to the 1997 property high price. But if you were to adjust current price to 1997 $ value (due to inflation), are we really at record high? We all know that $1m in 1997 is so much more valuable than $1m in 2012.
GDP in 1997 vs GDP now.
Average household income in 1997 vs now.
Some food for thoughts and topic for discussion over the weekend!
Hence, more room for growth or are we really that high?