The implication is that governments in general are pursuing policies
to encourage home ownership. This leads to an increase in house
prices, a bubble.
No word on how to figure out when the bubble will pop.
They present housing prices over time in kroner and house prices over
time in gold. (http://ping.fm/yY1UI
I would lilke to see house prices compared to rental costs, since this
is the economic decision people have to make.
Brad
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