"
median price was down 4 percent to $283,000
"

Have we overlooked important parameter of home price? Is parameter a major input of the housing construction collapse? Have we overlooked the housing obsolescence parameter? Was it an overlooked factor in the 80's real-estate-melt? More important now?

How many computers in 1980 model auto? A rare phenomenon. But every few years price and importance of auto's system's computer doubles. Firmware and software is updated every year. Will all new homes soon have computerized everything? Heating? A/C? Plumbing? Lighting? Will home system's computer need upgrades frequently? Will homes without upgrades depreciate faster than properly re-programmed homes? In 1933 "planned obsolescence" of autos was used. Today "planned" is unnecessary. Obsolescence now comes automatically. Obsolescent building techniques, obsolescent home-systems-computers, obsolescent community systems-computers, and more, much more obsolescence has created an acceleration of price-depreciation which masquerades as price-deflation. Is some of the deflation now being fought by the anti-windmill-fighting-forces at Fort Fed Governors merely the mirage of La Mancha? Should we come to accept more *home depreciation* as a matter of course just as we have learned to accept auto depreciation of 50% every 4 years?

U B Judge!

U B Cervantes
!