18 Housing Markets That Are More Overvalued Than The US

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		Home Tech Finance Markets Politics Strategy Entertainment Advertising Retail Sports Life Wednesday, June 5, 2013 18 Housing Markets That Are More Overvalued Than The US Societe Generale Albert Edwards pointed us to this chart comparing home prices across the developed world. For comparability purposes, the OECD present home prices based on two ratios: price-to-rent and price-to-income.  Both measures are pretty intuitive. "But what is surprising to me about the UK is that house prices are still extremely overvalued despite the country having been at the epicentre of the global credit bust and remaining in the icy grip of private sector debt deleveraging," said Edwards as he criticized British leadership. "For it is also notable that in other countries which have also found themselves in the eye of the credit storm, such as Portugal, Ireland and most importantly the US, house prices are now unambiguously cheap." Read » Also On Money Game Today: Solar Panel Vote Perfectly Demonstrates The Deep Divide Within The Euro Zone BofA Downgrades The 'Great Rotation' To A 'Mini Rotation' Advertisement CHART OF THE DAY: Home Prices Are Rising At The Fastest Pace Since February 2006 CHART OF THE DAY: The Istanbul Stock Market Gets Obliterated CHART OF THE DAY: Euro Unemployment Hits Its Worst Level Ever Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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