Relevant:
- Proof That the Top 0.1% Create Crashes
- The Most Splendid Housing Bubbles in Canada Deflate | Wolf Street
- Canadian housing bubble goes into full mania mode -- Canadian debt-to-personal income ratio near 145% while US at peak of the housing bubble was at 125%.
- What Hardcore Pornography Can Teach Us About Asset Bubbles
- Entering the Greatest Depression in History
2009-02-03 — seekingalpha.com
"Bubbles in all markets come and go, but the recent one in housing was by far the most excessive in modern history in relation to the fundamental long term driver of residential real estate i.e., personal income, just as exorbitant PE’s, the income equivalent for corporations, signaled the Tech equity bubble and the 1929 crash."
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