Housing Bubbles Are Dangerous, That’s Why Canada is Finally Trying to Tamp Down on Them. And the US?

Wolf Richter with Jim Goddard on This Week in Money:

The underlying dynamics are similar, but the approach is different.

Home prices experience a historic spike in Seattle, and sharp increases in other metros, but prices of condos in New York fall. Read…  The Most Splendid Housing Bubbles in America