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Non-Tech : Investing in Real Estate - Creative Opportunities
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To: tejek who wrote (2410)9/10/2014 5:05:04 PM
From: John Vosilla2 Recommendations

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World Housing Bubble Blog...


Canada RE among the world's most overvalued.
A chart provided by the publication showed that Canada's price-to-rent ratio sat at 175.9 per cent in the second quarter of 2014, right on top of the world alongside Hong Kong and New Zealand.
Charts from the Economist









Australia's RE bubble is real and the banks are to blame.
But in his mind, it's everyone else who is living in a "Disneyland" delusion by failing to spot a bank-led property bubble that shows no sign of deflating. "No one in the Western world has ever done what we are doing." It's "the sheer size of the loans relative to the incomes here" that troubles Mr David.
The median house price to income of Sydney is nine times, compared to 6.2 times in New York and 7.3 times in London. Even Adelaide is more expensive than New York on price-to-income basis. He is particularly troubled by the surge in asset values in his Sutherland Shire neighbourhood, where land is changing hands for more than $1 million. "I have never seen so many Range Rovers in the Shire. It's a small world out there and you know they haven't become millionaires overnight. It's eerily similar to Miami [in 2005 before the sub-prime crisis]. It feels like Groundhog Day," he said.







http://worldhousingbubble.blogspot.com/



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