Robert told CNBC this morning that the 12% year over year rate of change in house prices can’t be trusted. No kidding. To put this in perspective I charted out the current trajectory relative to the average historical trajectory. Anyone who thinks housing in the USA is on a sustainable price appreciation path is not working with a full deck….
(Chart via Orcam Financial Group)
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.