Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
certain areas in the United States are already in another housing bubble. Many developing nations are squarely in bubble territory - India, China, Brazil, Indonesia. UK, Australia and Canada are also in established housing bubbles.
If that's HousingWire's opinion then fine, they can present the case. The data is interesting in pointing out increases in the developing world. They can stand by their analysis and provide the proof. If they wish to claim the IMF is stating this and they are not...that's making this up.
They certainly provide data that seems to indicate it, and they say it's high...but not a bubble.
I can be wrong. Though usually if someone says that a group is championing a position and they do not link a release that says it...it's a big red flag that they are using more than a creative license with the truth. It may also say that if people are exaggerating more than a little as above historical average is not a bubble.
Last edited by EmeraldCityWanderer; 06-13-2014 at 04:06 PM..
America's real estate markets are not monolithic. Come to the San Francisco Bay Area where the price increases have been insane the last several years.
America's real estate markets are not monolithic. Come to the San Francisco Bay Area where the price increases have been insane the last several years.
But tis been that way for some years. SF bubble does not make for a US bubble;any more than basically giving away Detroit property does anything.fact is most the nation never got into a bubble in housing really.
The average house price n the USA is less than half the Aussie and Canadian averages and about 65% of the average in the UK and we have a higher average income than all 3 so we don't have a bubble in the USA. I do think the Bay area, OC, and NYC have bubbles caused by low interest and excessive exuberance and some people will get burned.
I think Canada and Aussie are going to have major corrections when their respective economies have a downturn. They're current cockiness is going to take a fall with it.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
