What happened to all of the other housing bubbles outside America?
By
nlscb (Thu May 08, 2008 at 01:17:40 PM EST) (
all tags)
Now that America's housing market has turned down, what happened to all of the others about which I used to hear? UK, Ireland, Australia, Spain, Denmark, South Africa, among others were often mentioned to have appreciation rates that put American ones to shame. Are they still going strong? Have they stopped? Are they having problems?
If this is what America's bursting bubble is doing, what happens when the rest of them go? I doubt that we have seen the end of the financial markets' problems.
I'm sure that I could look it up if I wanted to, but it's so much more interesting hearing it from here from people from those countries.
