Why are there so many s-u-c-kers out there paying sky high COVs
for HDBs? Where are these s-u-c-kers coming from?
The problem coming home full circle?
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http://www.washingtonpost.com/blogs/...using-bubbles/
An alarming map of the 17 countries
with possible housing bubbles
BY MAX FISHER
December 3, 2013 at 7:30 am
The 17 countries identified as having potential housing bubbles.
Click to enlarge. (The Washington Post)
Economist Nouriel Roubini is warning that 11 countries are showing
indications of potential housing bubbles – an alarming prospect for
the global economy, which is still recovering from the aftereffects
of burst housing bubbles in the United States and elsewhere. He
identifies another six countries in which major urban areas may
have housing bubbles.
Those 17 countries with possible housing bubbles are mapped above
in red. The lighter-red countries have housing bubbles in major
urban areas only. You'll notice that this map includes very rich
countries such as Switzerland and Norway along with enormous rising
economies such as India and Indonesia. Perhaps most alarming, if
least surprising, Roubini joins the rising chorus of economists
warning that China's housing market is dangerously over-inflated.
(He identifies mainland China as well as Hong Kong.)
Here's the list of countries identified as having possible housing
bubbles, from West to East: Canada, France, Switzerland, Germany,
Norway, Sweden, Finland, Israel, China (mainland plus Hong
Kong), Singapore, Australia and New
Zealand.
And the countries with possible housing bubbles in major urban
areas, West to East: Brazil, United Kingdom (just London), Turkey,
India and Indonesia. ...
