Why a US-Style Housing Bust & Mortgage Crisis Can Happen in Canada, Australia, and Other Bubble Markets

When enough local housing bubbles come together at the same time, even as some other housing markets remain calm, they turn into a national housing bubble, as illustrated in the chart above.

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Housing Bubble 2.0 - Zombie / Vacant / Abandoned Home Crisis Despite persistent and false claims to the contrary, what happened in the US can happen in Canada and Australia. Read. Why a US-Style Housing Bust & Mortgage Crisis Can Happen in Canada, Australia, and Other Bubble Markets. enjoy reading wolf street and want to support it? Using ad blockers – I totally get why – but want to support the site?

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