Courtesy of Tyler Durden
It is one thing to watch squiggly lines, or pretty, but largely meaningless bubble charts explaining a snapshot phenomenon or one transpiring over time. It is something else to actually be in a rollercoaster which recreates the experience of the Vancouver real estate market. Which is why the following animation from Vancouver Condo Info is rather cool. “This is a roller coaster simulation of the last 35 years of the Vancouver Real Estate market. The actual graph you’re riding is the inflation adjusted value of a house in Vancouver BC based on data collected by Royal LePage and calculated by the UBC Centre for Urban Economics and Real Estate. Some of the peaks and troughs have been rounded to keep the train from flying off the tracks, but other than that slight modification it is a precise scale model of the red line on this graph: cuer.sauder.ubc.ca/?cma/?data/?ResidentialRealEstate/?HousingPrices/?housing-pri-vancouver.pdf. When the housing bubble of the early eighties popped in this city some house prices dropped by 50% over the next couple of years and didn’t reach their inflation adjusted real price again for 25 years. What would a real estate market bust look like these days?”
And for those who would like to try their skill at converting charts, such as for example the Fed’s balance sheet (warning: it will be a boring ride), or the S&P in the last decade, or for a true free fall, CNBC’s Nielsen ratings, can do so using NoLimits Roller Coaster Simulation here.