Tuesday, 3 September 2002
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.