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Here is a chart that presents the median single-family home price divided by the price of one ounce of gold. This results in the home / gold ratio or the cost of the median single-family home in ounces of gold.
For example, it currently takes 153 ounces of gold to buy the median single-family home. This is considerably less that the 601 ounces it took back in 2001. When priced in gold, the median single-family home is down 75% from its 2001 peak and remains well within the confines of its five-year accelerated downtrend.
When this "Ratio gets to about 80-1 (80 ozs of Gold to buy 1 "Medium Priced SF Home", than most Likely Real Estate has hit a Bottom!
In 1980 it took 86 ozs to buy a median single-family home!
When it reaches 85 -1 ratio, that wil be the time to "spend some of the Gold you have accumulated these past few years, and Buy a House that will be "Paid for FREE & Clear"!
For example, it currently takes 153 ounces of gold to buy the median single-family home. This is considerably less that the 601 ounces it took back in 2001. When priced in gold, the median single-family home is down 75% from its 2001 peak and remains well within the confines of its five-year accelerated downtrend.
When this "Ratio gets to about 80-1 (80 ozs of Gold to buy 1 "Medium Priced SF Home", than most Likely Real Estate has hit a Bottom!
In 1980 it took 86 ozs to buy a median single-family home!
When it reaches 85 -1 ratio, that wil be the time to "spend some of the Gold you have accumulated these past few years, and Buy a House that will be "Paid for FREE & Clear"!
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