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Housing Bubble When is the Next One ?

in House Prices

While the data here is dated, it still is an interesting graph. Also note this was written about 6 months before the entire housing industry in the US collapsed causing the Great 2008 Economic Downfall. Guess that really was a housing bubble ?

housing bubble

From “Irrational Exuberance” (click to Amazon Link)

So I like this graph just because it explains why folks in the U.S. are just so worried about the housing bubble, given how housing prices have increased so out of proportion from what they have been historically. Very interesting stuff.

{ 3 comments }

  • Anonymous June 28, 2007, 5:03 AM

    Thanks!

    Reply
  • Big Cajun Man June 26, 2007, 1:32 PM

    Not to this extent, maybe in Alberta but that is a function of the oil fields, not the shinanigans with under-rate mortgages like in the states (in Canada , I think that can’t happen).

    –C8j

    Reply
  • Anonymous June 26, 2007, 11:54 AM

    Is Canada similar?

    Reply

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