Relevant:
- The California problem of making too many renters into home owners
- Leaking
- Rent Bubble = Housing Bubble = Rent Bubble
- Canadian housing bubble goes into full mania mode -- Canadian debt-to-personal income ratio near 145% while US at peak of the housing bubble was at 125%.
- The Most Splendid Housing Bubbles in Canada Deflate | Wolf Street
2012-09-24 — mybudget360.com
We have a continual cycle of bubbles for the past two decades from tech, to housing, and now with higher education. The Fed with QE3 is trying to justify the $6.2 trillion in mortgage debt by inflating housing values with ultra low mortgage rates. Yet we are now seeing leaking price hikes in many other areas as the standard of living gets cut down.
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