The $6.6 Trillion Dollar Real Estate Bubble Brewing In The Commonwealth
Canada, Australia, New Zealand, and the UK are building a consumer debt bubble that dwarfs China, and it’s built around real estate.
Canada, Australia, New Zealand, and the UK are building a consumer debt bubble that dwarfs China, and it’s built around real estate.
Consumer debt levels in Canada, the UK, Australia, and New Zealand have surpassed the economic output of each of these countries.
Canada, Australia, New Zealand, and the UK are seeing households borrow record levels of debt to keep up with local real estate prices.
Canada, New Zealand, Australia, and the UK might have a real estate bubble driven by income rising at half the rate of real estate.