http://www.creditwritedowns.com/2009/12/is-the-canadian-housing-market-a-bubble.html Finance, Economics and Markets Fri, 10 Feb 2012 00:37:00 +0000 hourly 1 http://www.creditwritedowns.com/2009/12/is-the-canadian-housing-market-a-bubble.html#comment-57784 hrvoje Wed, 16 Dec 2009 10:49:00 +0000 http://www.creditwritedowns.com/2009/12/is-the-canadian-housing-market-a-bubble.html#comment-57784 Hi Edward, big fan of Steve (just started reading his book Debunking Economics), but Steve has been saying that for the past 10 years, yet my house has tripled in price since. He is certainly true about the long run. But as Keynes said "in the long run we're all dead". So the question is when. Keen/Minsky talk about the tipping point under which level of debt is unsustainable, where is that point? Hi Edward,
big fan of Steve (just started reading his book Debunking Economics), but Steve has been saying that for the past 10 years, yet my house has tripled in price since. He is certainly true about the long run. But as Keynes said “in the long run we’re all dead”. So the question is when. Keen/Minsky talk about the tipping point under which level of debt is unsustainable, where is that point?

]]> http://www.creditwritedowns.com/2009/12/is-the-canadian-housing-market-a-bubble.html#comment-57768 Edward Harrison Tue, 15 Dec 2009 12:39:00 +0000 http://www.creditwritedowns.com/2009/12/is-the-canadian-housing-market-a-bubble.html#comment-57768 Funny you should mention that because I had thought of referencing Australia in the article. My view generally is that Australia and Canada both are two countries that have seen unsustainable house price gains without a serious bust. This may give market participants a false sense of security. It definitely has in Canada. But, Canada and Australia have the best chance of easing out of over-valuation rather than experiencing bust. I know Steve Keen says something quite different. Funny you should mention that because I had thought of referencing Australia in the article. My view generally is that Australia and Canada both are two countries that have seen unsustainable house price gains without a serious bust. This may give market participants a false sense of security. It definitely has in Canada. But, Canada and Australia have the best chance of easing out of over-valuation rather than experiencing bust. I know Steve Keen says something quite different.

]]> http://www.creditwritedowns.com/2009/12/is-the-canadian-housing-market-a-bubble.html#comment-57767 hrvoje Tue, 15 Dec 2009 09:28:00 +0000 http://www.creditwritedowns.com/2009/12/is-the-canadian-housing-market-a-bubble.html#comment-57767 Hi Ed, love your site. I'm from Australia, what's your take on Australian housing market. We never had correction in housing prices and they keep on going up and up. When is the bubble gonna pop? When Chinese slow down our mineral's imports? Hi Ed, love your site.
I’m from Australia, what’s your take on Australian housing market. We never had correction in housing prices and they keep on going up and up. When is the bubble gonna pop? When Chinese slow down our mineral’s imports?

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