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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (243025)	4/4/2010 2:08:17 PM
From: neolib	Read Replies (1) \| Respond to of 306849

It would be nice to see housing prices & rents for most the countries of the world somehow normalized to incomes & governmental policies on housing. Unlike you, I'm not convinced the USA is actually all that high. But data is needed to figure that out. My evidence is largely anecdotal from visiting other countries and being shocked at housing costs relative to what the local economies look like. Of course part of the difference is in the USA given zoning & building codes we don't tend to have shanty towns. In other parts of the world, you will see shanty towns which likely are in balance price wise with the local economy, but next to them will be reasonable housing which is what strikes me as way to expensive for the local economy. Visit the Jamaica for an example of this.