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

In other words, we are at the brink of two separate but related crises; an economic crisis. can join the huddled masses in Bush’s Weimar Dystopia. December’s net capital inflows are a grim snapshot.

A housing bubble is a run-up in home prices fueled by demand, They can force people to look for ways to pay off their mortgages. Traditionally, housing markets are not as prone to bubbles as other financial. Mid-2000 U.S. Housing Bubble. It was directly related to the financial crisis of 2007-2008.

Parallel financial crises struck other countries, which did not have analogous affordable housing policies; The U.S. government's market share of home.

Recourse was no protection in the US against defaults and a financial crisis. This shows that when housing implodes hard enough after an enormous bubble, and if the bust is associated with a broader economic downturn, as housing busts inevitably are, in the end, what happened in the US can happen in Canada.

Over the years, the meme spread that the US mortgage crisis happened because people could legally just walk away from their mortgages because banks could not pursue homeowners beyond recovering the collateral. Much of the commentary on why a US-style mortgage crisis cannot happen in Canada or Australia is based on this. And this is wrong.

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Learn more about housing bubbles and what makes them pop.. The housing market has generally not been affected by pricing bubbles as other asset markets .. equity market happen much more frequently, housing bubbles can be much longer, high-yielding structured mortgage bonds, as demanded by investors, that.

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Equity markets in emerging markets, unlike those in America and Japan, shrugged off their losses last August. The view from the bond and equity markets seems to be that emerging markets are in a better position to cope with a credit crunch than rich countries are-and have grown better than they were at coping (see article).

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