Posts Tagged ‘European housing market’
This is an interesting blog post. On the other hand, this is nothing new: The New York Times has been suggesting it for a while–Europe’s housing mess is much bigger and they have no clue what they’re doing.
The US bubble was tame by comparison (measured by price: inventory overhang is another matter) and has largely corrected. This the American way, a short sharp purge. The Club Med bubbles have not corrected, by a long shot.
Read the entire blog post here >>