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