Juggling Dynamite

According to the Demographia International Housing Affordability Survey, Hong Kong was ranked the most unaffordable city to buy property, with Australia and Canada rounding out the top three most overvalued housing markets in the world. Here is a direct video link.

May be time to dust off that Irish passport. Reminding us yet again: credit bubbles boost asset values beyond reason for a period of time and then deflate asset prices to trade below average typically for years thereafter. There has never been one time–ever in history–when this has not been the case. See more from the report here.

“One of the smartest women in finance, Danielle Park from Juggling Dynamite speaks with Cambridge House Live’s Bridgitte Anderson about her perspective on the markets and what investors should be looking out for. In particular, she has some fascinating things to say about central banks and how much longer the music (ie: QE) will keep on playing.” Here is a direct video link.

This clip offers a good summary of recent trends in the US housing market. Here is a direct video link.

While the following article gives some similar data on Canadian housing and the risks the outsized sector now poses to Canadian unemployment and GDP. See: Is the Canadian Miracle a Postponed Reckoning?