Recently, the IMF warned that an International Housing Bubble was forming. Looking at Price-Rent ratios, some of the highest priced countries relative to rent were Canada, New Zealand, Norway and Belgium. The United States is fairing relatively better, largely since our gains were simply getting back some of the ground lost subsequent to the popping of our housing bubble. Some metros are noteworthy however. San Francisco has been on a tear, with massive increases in prices. While not at its 2006 peak. Accordin... read more
This is an interesting article from Bloomberg. Home prices have been on a tear in Norway and many do not want to see a replication of other bubble markets like Japan, U.S, Ireland and Spain.
However, the caveat is how one can produce a "soft landing." Most of the time bubble are not deflated little by little, but with a crash.... read more