By Tim Iacono
More from The Economist, from today’s interactive Daily Chart where, with the exception of the U.K., it’s relatively easy to identify which housing bubbles have already burst:
Ireland clearly had the biggest boom/bust cycle, though, some parts of the U.S. (e.g., Nevada, Arizona, California, etc.) would no doubt rival that rise and fall.
Remarkably, home prices are still rising smartly in some countries:
South Africa? Didn’t see that one coming…
Of course, some countries never had a bubble at all:
About The Author - Tim Iacono, a retired software engineer living in Bozeman, Montana, is the founder of The Mess That Greenspan Made. (EconMatters author archive here.)
The views and opinions expressed herein are the author's own, and do not necessarily reflect those of EconMatters.
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