Global View of the Housing Bubble

it would be interesting to see a corresponding chart of real incomes.

so the irish carpenters aren't saving us?

those inflation fighting germans are apparently succeeding

Regarding Germans: From my very limited German experience, most of the Germans I met thought renting was the vernünftig (sensible) way to approach housing. Not sure if a) my experience is representative of "most" Germans or b) this represents a fundamental difference in how shelter is viewed by the two cultures (ie I don't believe the "German dream" is to be a home owner (the "American dream" is home-ownership isn't it? ...or is that just NAR propaganda?) .

asia asia asia
the indians and the chinese and the koreans and the malays
they are buying it up...just open your eyes
NYC is cheap by comparison to a middle level city there and the urge to own America is stronger than the swiss tick

So, the malaysian carpenters will save us?

Agree. I was looking at places in Delhi, Kuala Lumpur and Sichuan, but they are just so damned expensive compared to New York.

No, the Swiss chocolatiers will save us.

bjw, the swiss chocolatiers have already been spoken for by the austrians. sadly there seems to be a supply issue in terms of saviors.

aboutready, definitely a supply issue. Since at least 33 AD.

Would be the first time the Swiss saved anybody.

malthus, just as the us gov't needs to "save" housing prices, the swiss need to "save" the austrian banks. total self-interest.

Thanks. Was just a joke, but I learned something today:

http://www.swisster.ch/en/news/business/eastern-european-default-threatens-swiss-banks_116-1217791

isn't it nice to know we're not the only ones who f'd up? there are many joys in globalisation.

Though most of them seem to believe our sneeze is what got them sick...

The amount of crap securities we sold foreign governments is amazing...