2018-01-12

Bubbly Housing in the Lands of Oz and Leafs

There are lots of ways to show Australia and Canada have overvalued/bubbly housing markets. This one jumped out at me: construction cranes working on residential projects.

Sydney has 239 cranes in operation.

USA and Canada combined: 194.


Negative gearing:

The full chartbook is here: CANADA,AUSTRALIA & THE U.S. – ONE OF THESE THINGS IS NOT LIKE THE OTHERS

A podcast with Josh Steiner goes into the details here: Global Housing Market Analysis.

This is consistent with my intermediate-term outlook, that the next global recession/financial crisis will be China-centric.

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