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Tag Archives: Housing Bubble
Canada Housing, Office Market Mauled by Oil, Layoffs – but Vancouver Bubble Still Soars
Canada Housing, Office Market Mauled by Oil, Layoffs – but Vancouver Bubble Still Soars Back in December, the Bank of Canada said home prices were overvalued by as much as 30% and posed an “elevated” risk to the Canadian financial system. In January, Deutsche Bank found that Canada’s housing market was, more realistically, 63% overvalued. In greater […]
The Canadian Housing Bubble Has Begun To Burst
The Canadian Housing Bubble Has Begun To Burst Don’t look now but slumping crude prices are hitting the Canadian housing market like a freight train. Energy accounts for 10% of Canadian GDP and around 25% of exports and the swift fall in oil prices is having a profound effect in the nation’s oil producing regions. Take […]
Canada Mauled by Oil Bust, Job Losses Pile Up – Housing Bubble, Banks at Risk
Canada Mauled by Oil Bust, Job Losses Pile Up – Housing Bubble, Banks at Risk Ratings agency Fitch had already warned about Canada’s magnificent housing bubble that is even more magnificent than the housing bubble in the US that blew up so spectacularly. “High household debt relative to disposable income” – at the time hovering near a […]
Norway Regulator Fears Housing Bubble “Isn’t Sustainable”
Norway Regulator Fears Housing Bubble “Isn’t Sustainable” Amid the collapse in crude oil prices, the Norwegian central bank cut rates in December (after 1000 days on hold) and is likely to cut again as economic growth stalls. However, the country’s financial regulator iswarning falling interest rates risk pushing the Norwegian housing market beyond its breaking […]
The Scale Of The Chinese Real Estate Crash Is Terrifying
The Scale Of The Chinese Real Estate Crash Is Terrifying We hear a great deal about the credit binge in advanced economies that helped lay the foundation for the 2008 financial crisis and is also widely blamed for holding back the pace of the recovery. Well, while the West has been unwinding some of this […]
‘Canada Is In Serious Trouble’ As Debt, House Prices Climb, Deutsche Bank Declares
‘Canada Is In Serious Trouble’ As Debt, House Prices Climb, Deutsche Bank Declares It was little more than a year ago that Deutsche Bank declared Canada’s housing market to be the most overvalued in the world, and on Thursday the German-based bank doubled down on its bearish assessment of Canada. Residential real estate in Canada is overvalued […]
Prepare for Property Prices to Fall in U.S. and Globally
Prepare for Property Prices to Fall in U.S. and Globally At the start of the New Year, there are increasing signs that the recovery seen in property prices in many cities in western countries — namely New York and other U.S. cities, and Dublin, London and other UK cities — is beginning to peter out. Many cities […]
The Canadian housing bubble makes California real estate look sensible: Crash in energy prices will put pressure on home values up north as Canadians go into maximum leverage. » Dr. Housing Bubble Blog
The Canadian housing bubble makes California real estate look sensible: Crash in energy prices will put pressure on home values up north as Canadians go into maximum leverage. » Dr. Housing Bubble Blog. As the year comes to a close, it is useful to put things into perspective. Sure, California has a love affair with […]
The Fracturing Energy Bubble Is the New Housing Crash | David Stockman’s Contra Corner
The Fracturing Energy Bubble Is the New Housing Crash | David Stockman’s Contra Corner. Let’s see. Between July 2007 and January 2009, the median US residential housing price plunged from $230k to $165k or by 30%. That must have been some kind of super “tax cut”. In fact, that brutal housing price plunge amounted to a $400 billion per year […]
Burst Chinese Housing Bubble Leads To First Annual Price Decline Since 2012; Prices Drop In Record 69 Cities | Zero Hedge
Burst Chinese Housing Bubble Leads To First Annual Price Decline Since 2012; Prices Drop In Record 69 Cities | Zero Hedge. It has been over six months since the Chinese housing bubble has popped. What’s worse, as overnight housing numbers out of China confirmed, the government has so far failed to contain the fallout, and […]
Why Chinese Growth Forecasts Just Crashed To A Paltry 3.9% – And Are Going Even Lower – In One | ZeroHedge
Why Chinese Growth Forecasts Just Crashed To A Paltry 3.9% – And Are Going Even Lower – In One Chart|ZeroHedge Up until a few years ago, conventional wisdom was that China would grow at nearly double digits as long as the eye could see. Then, however, something happened, and China’s 9% growth became 8%, then […]
