Real Estate: A return to asking for the Moon?
12/20/07 09:43 Filed in: Humor
The real estate market is pretty gloomy right now,
particularly here in Florida after some crazy growth.
But is there hope? According to this Reuters story, real estate
prices on the Moon correlate well with
Earth-bound housing prices:
Although most traditional indicators are quite pessimistic, lunar land prices have risen 40 percent since the start of 2007, so it seems at least when it comes to the Moon, things are... er... looking up.
"Our calculations suggest lunar land prices appear to be a reasonable lead indicator of U.S. house prices by around 12 months. This suggests a trough in U.S. house prices may occur around the beginning of 2008," the bank said.
Although most traditional indicators are quite pessimistic, lunar land prices have risen 40 percent since the start of 2007, so it seems at least when it comes to the Moon, things are... er... looking up.