While the data here is dated, it is still an interesting graph. Also, note that this was written about six months before the entire housing industry in the US collapsed, causing the Great 2008 Economic Downfall. I guess that was a housing bubble. When is the next one? Did the last one ever end?
So I like this graph because it explains why folks in the U.S. are so worried about the housing bubble, given how housing prices have increased so out of proportion from what they have been historically. Exciting stuff.
Housing Bubble Epilogue 2024
Housing bubble? When did we ever get out of the housing bubble? In Canada the housing bubble only deflated a little with the raising of interest rates, but there is already screams to lower them.
Thanks!
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
Is Canada similar?