As global real estate bubbles burst at differing intervals, those still engaged in the depths of mania fever find every convenient argument to justify the existence of the current inflated economic structure. We can debate the nature of the current US housing market but with the median nationwide home price at $151,600 from the most recent Zillow housing report and the median household income at roughly $50,000 prices look to be leveling out especially with the absurdly low interest rates. As we know, housing markets are regional so applying this nationwide trough to frothy markets may not be the best way to measure investment value. However, when we look at the Canadian housing market we realize how insane things have gotten.
An excellent find Bill.
ReplyDeleteThe greatly overinflated Canadian housing market has been a concern of mine for years. Just about every Canadian I talk to believes that property values can only go up.
The deflationary lesson is yet to unfold in Canada.
By the way, I sold my overinflated house last fall to avoid the crash.
Evening to you PW a book mark for you Sir. Whisper is on top of the Canadian Bubble. Hope all is well with you,the next few weeks are sure to be volatile across all Markets.
ReplyDeletehttp://whispersfromtheedgeoftherainforest.blogspot.com/
Sitting in SLV Nov $35 calls adding on any and all Cartel raids.
Again be well
Bill