Tuesday, July 15, 2008

Housing Sales (1974)

Housing Market during Inflationary Days in Israel 1974 Dry Bones cartoon - .
I was listening to an NPR (National Public Radio) program stream from America this morning on my computer here in my studio in Israel. The topic being discussed was the seeming collapse of the housing market in the States and the "recession".

It reminded me of what had happened to the housing market here in Israel back in the seventies. The problem we were facing then was inflation rather than recession ...but it still made everybody both crazed and fearful. Today's Golden Oldie offers us a peek into life (and the housing market) in those days of runaway inflation.

Labels: , , , , ,