Real estate has gone far beyond affordable in many cities around the world. This has created a hyper bubble like we have never seen before. People are so heavily burdened by debt but according to the mainstream view, because interest rates are low, this is simply not a concern. Of course, the fact that we have gone into paranormal territory in terms of pricing, this means young people can’t afford it, the average family can’t afford it, and eventually, we don’t need a Subprime Crisis event to cripple this system.
Canada, New Zealand Show Signs of Housing Bubble, Says Study – BNN Bloomberg
https://www.bnnbloomberg.ca/canada-new-zealand-show-signs-of-housing-bubble-says-study-1.1286641
Mapped: The Countries With the Highest Housing Bubble Risks
https://www.visualcapitalist.com/mapped-the-countries-with-the-highest-housing-bubble-risks/
COTW-Housing_Bubble_by_Countries_V5.jpg (1200×4794)
Subscribe to read | Financial Times
https://www.ft.com/content/65896192-a947-11e9-90e9-fc4b9d9528b4
Total sales of Florida homes to foreigners down 50% since 2017 – News – The Palm Beach Post – West Palm Beach, FL
Mortgages are now available for borrowers without credit scores | 2019-07-23 | HousingWire