by Simon Black
When I saw the chart, the first thing I thought was, “hockey stick”.
It’s flat on the left side, then suddenly soars up and to the right, indicating an abrupt and rapid rise in prices.
Which chart am I talking about? Real estate prices, specifically in an uptown enclave of Dallas, Texas– the only place in the United States where I still owned property… until a few days ago.
I grew up in the Dallas area, and returned there briefly once I was out of the military.
It was late 2004 / early 2005; my father had recently been diagnosed with a brain tumor, and I bought the condominium so that I could be near him.