Bubbles vs. Steady Appreciation (Seattle Bubble) “For comparison, here is the same plot [‘comparing the actual index values to theoretical values as they would look if they grew at a steady rate year-over-year’], but with New York, Chicago, Boston, and San Francisco added, and all cities re-indexed to 1990=100”

Bubbles vs. Steady Appreciation (Seattle Bubble) “For comparison, here is the same plot [‘comparing the actual index values to theoretical values as they would look if they grew at a steady rate year-over-year’], but with New York, Chicago, Boston, and San Francisco added, and all cities re-indexed to 1990=100”

Notes