12 Nations worse than US (guess who's top of the list)

[Froggus]

U.S. Housing Prices Down 3.1%, But 12 Nations Face Worse

This is a study by the IMF on countries where house prices are out of whack with the fundamentals

Ireland tops the list

elliottwave.com/freeupdates/archives/2008/05/22/U.S.-Housing-Prices-Down-But-12-Nations-Face-Worse-.aspx

[ewd3]

Go Team!!!

Number one!!!

[ragingbear]

@Froggus

This is a study by the IMF on countries where house prices are out of whack with the fundamentals

The problem in ireland is not just how much prices have risen above fundamentals, but how much those so-called ‘fundamentals’ were driven by the price rises. Both of these are now going into reverse.

[Calina]

@ragingbear

@Froggus

This is a study by the IMF on countries where house prices are out of whack with the fundamentals

The problem in ireland is not just how much prices have risen above fundamentals, but how much those so-called ‘fundamentals’ were driven by the price rises. Both of these are now going into reverse.

that’s where my brain starts to melt, tbh. I envisage something shaped like an upside-down pyramid.

[mr_anderson]

@ragingbear

@Froggus

This is a study by the IMF on countries where house prices are out of whack with the fundamentals

The problem in ireland is not just how much prices have risen above fundamentals, but how much those so-called ‘fundamentals’ were driven by the price rises. Both of these are now going into reverse.

A very good point.

[xman]

@Froggus

Ireland tops the list

We mightn’t win the Eurovision, but we’re world beaters with our overpriced housing.

Yeah baby !!