Real Estate Bubbles in The 2000s
By 2006, several areas of the world were thought to be in a bubble state, although this contention was not without controversy. This hypothesis was based on observation of similar patterns in real estate markets of a wide variety of countries. This includes similar patterns of overvaluation and excessive borrowing based on those overvaluations.
The subprime mortgage crisis, with its accompanying impacts and effects on economies in various nations, has given some credence to the idea that these trends might have some common characteristics.
For individual countries, see:
- Australian property bubble - 1997 - 2012
- British property bubble
- Bulgarian property bubble
- Chinese property bubble
- Danish property bubble
- Indian property bubble
- Irish property bubble - 1999 - 2006
- Japanese asset price bubble
- Lebanese property bubble
- Polish property bubble
- Romanian property bubble
- Spanish property bubble
- United States housing bubble - 1997 - 2006
- Greek property bubble
Read more about this topic: Real Estate Bubble
Famous quotes containing the words real, estate and/or bubbles:
“Well, most men have bound their eyes with one or another handkerchief, and attached themselves to some of these communities of opinion. This conformity makes them not false in a few particulars, authors of a few lies, but false in all particulars. Their every truth is not quite true. Their two is not the real two, their four not the real four; so that every word they say chagrins us and we know not where to set them right.”
—Ralph Waldo Emerson (1803–1882)
“Never let the estate decrease in your hands. It is only by such resolutions as that that English noblemen and English gentlemen can preserve their country. I cannot bear to see property changing hands.”
—Anthony Trollope (1815–1882)
“Give fools their gold, and knaves their power;
Let fortune’s bubbles rise and fall;
Who sows a field, or trains a flower,
Or plants a tree, is more than all.”
—John Greenleaf Whittier (1807–1892)