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, real, estate and/or bubbles:
“The circuited city of the future will not be the huge hunk of concentrated real estate created by the railway. It will take on a totally new meaning under conditions of very rapid movement. It will be an information megalopolis.”
—Marshall McLuhan (1911–1980)
“One forgets too easily the difference between a man and his image, and that there is none between the sound of his voice on the screen and in real life.”
—Robert Bresson (b. 1907)
“Our vices always lie in the direction of our virtues, and in their best estate are but plausible imitations of the latter.”
—Henry David Thoreau (1817–1862)
“It is snowing and death bugs me
as stubborn as insomnia.
The fierce bubbles of chalk,
the little white lesions
settle on the street outside.”
—Anne Sexton (1928–1974)