mnot’s blog

Design depends largely on constraints.” — Charles Eames

Tuesday, 3 September 2002

Economics

Global house prices

I’ve been following the Economist’s new Global Housing Index with some interest.
They seem to have softened their view somewhat, but I’m hearing more about a global housing bubble recently - first, in a WSJ article about the author of “Manias, Panics and Crashes” (which I’m now reading, alas, too late) and later in a story on NPR. It is interesting that there aren’t good tools for tracking the state of real estate, even though there’s more money there than in equities, worldwide.