More than five years ago, the collapse of overinflated housing markets brought the global economy to its knees. Though some countries are still struggling to recover, the bubbles are back in others. Here are 5 of the world's largest housing bubbles.
"Goldman Sachs analysts spotlighted some of the world’s fast accelerating housing markets this week, in a bid to try to sniff out potential for problems in the making," writes Matt Phillips, who summarizes the dangerous conditions arising in Israel, Norway, Switzerland, Canada, and Germany.
"Since the depths of the Great Recession home prices in Israel are up roughly 40%. And the inability of young couples to get a foothold on the 'housing ladder' has become an increasingly politicized issue," he explains. Meanwhile, in Norway, "land use restrictions and relatively stringent minimum size and quality standards" have limited supply, driving "prices up roughly 30% since the worst of the Global Recession."
FULL STORY: The world’s five largest housing bubbles: A brief, whirlwind tour
The Best Country in the World to Grow Old
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"Stop Mass Immigration" Referendum Passes In Switzerland
The vote to approve restrictions on immigration passed narrowly with 50.3 percent of the vote. The main repercussion may be how it impacts trading with its neighbors in the EU as immigration quotas may invalidate a 1999 treaty allowing free movement.
The Pandemic Is Not Ending—But Restrictions Are
The science hasn't changed but the politics have, and policymakers are responding appropriately. Transmission of the coronavirus during the Omicron wave remains at an all-time high, although infections are decreasing globally.
Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
National Parks Layoffs Will Cause Communities to Lose Billions
Thousands of essential park workers were laid off this week, just before the busy spring break season.
Retro-silient?: America’s First “Eco-burb,” The Woodlands Turns 50
A master-planned community north of Houston offers lessons on green infrastructure and resilient design, but falls short of its founder’s lofty affordability and walkability goals.
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Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
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Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
EMC Planning Group, Inc.
Planetizen
Planetizen
Mpact (formerly Rail~Volution)
Great Falls Development Authority, Inc.
HUDs Office of Policy Development and Research
NYU Wagner Graduate School of Public Service