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April 20, 2005

Global housing bubble? $20 trillion value increase in 4 years.

Good article in the CSM:

Housing prices aren't just skyrocketing in the U.S. In the years 2001-2004, they've risen by $20 trillion in developed countries worldwide.

Want to see something frightening? Type "economist housing prices" into Google. What comes up? How about an economics column in the Christian Science Monitor with this lead:

Very interesting.
 

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Global housing bubble? $20 trillion value increase in 4 years.

Posted on April 20, 2005 05:22 AM by House 78.
Filed in Real Estate under housing prices.
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