Monday 25 April 2011

Where The Housing Bubble Lives On

http://www.npr.org/blogs/money/2011/04/22/135628600/where-the-housing-bubble-lives-on


Data:
House prices have risen to almost 5.5 times disposable income per worker, well above the long-term historical average of 3.5. ...
...home prices rose 8.8% in February from the year before ... more than double the average price of a home in 1999 ...
The debt-to-disposable-income ratio for Canadian households rose to 148.9% last fall ... surpassing American borrowing ... the amount of home-equity loans has risen as much as 170% in the past decade...

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