Tuesday, December 06, 2011

The bursting of the global housing bubble is only halfway through [updated]

New Zealand homes are overvalued by 25 per cent and the country is one of nine under threat of a housing bubble burst, says the Economist magazine in a report titled “House of Horrors.”

The bursting of the global housing bubble is only halfway through, says the Economist, and next in line to hear the pop will be New Zealand, Australia, Belgium, Canada, France, Britain, the Netherlands, Spain and Sweden.

It described the nine countries as being at the same stage as the United States towards the peak of its housing bubble. And we know how that ended up.

Here’s the Economist’s summary sheet:

image

Which highlights two things:

Labels:

2 Comments:

Blogger twr said...

The more logical conclusion you can draw from that table is that rents are too low, as we're well out of line with the others vs income.

12/06/2011 10:28:00 am  
Blogger PC said...

Yes, their income figure is well out of whack with what Demographia and others have found.

12/06/2011 10:49:00 am  

Post a Comment

Respond with a polite and intelligent comment. (Both will be applauded.)

Say what you mean, and mean what you say. (Do others the courtesy of being honest.)

Please put a name to your comments. (If you're prepared to give voice, then back it up with a name.)

And don't troll. Please. (Contemplate doing something more productive with your time, and ours.)

<< Home