Correlation between real estate and stock market
A common sense idea is that when people have extra money to invest, they have two main choices: stock markets or real estate. Given that people are tending to make either/or choices, when one is hot, the other should cool, and vice-versa.
I've done some googling but can't seem to summon the data (beyond a decade or so) to see if there is any evidence that this is true. Is this a known fact or a known fiction?
Any good links to historical data?
eastbay
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