Paul Kedrosky

About this author:
Become a Contributor Submit an Article
  • Font Size:
  • Print

Some data sure to win you bar bets in this chart of first-half 2008 housing price declines. Who, for example, would have guessed that the U.S. was mid-pack, with Canada, among others seeing larger annualized tumbles in 2008?

prakash1

This article has 7 comments:

  •  
    Oct 21 02:53 AM
    I think Korea should be doen like 25% taking into account their 30% currency decline vs. the dollar and Euro.
    Reply | Link to Comment
  •  
    Oct 21 08:02 AM
    Well constructe,

    using your logic, maybe we should say that US housing prices never budged from 2000-2006 because in Euro terms and gold terms, prices stayed flat.

    Reply | Link to Comment
  •  
    Oct 21 10:18 AM
    Could be the changing demographics. All Western economies and Japan have an aging workforce. This is a structural issue with long term ramifications.
    Reply | Link to Comment
  •  
    Oct 21 10:34 AM
    Anyone else spot 'the dog that did not bark?'
    Germany is nowhere on the list - I suspect because prices have hardly moved.
    Reply | Link to Comment
  •  
    Oct 21 03:36 PM
    Interesting data, but what about that graph overlay going back to 2005?
    Reply | Link to Comment
  •  
    Oct 21 03:44 PM
    Thanks for the blog and chart. "I read International Living" and have been aware of the drop in many foreign market's real estate. From our perspective, it has only been happening here And we have quite happily donned the sack-cloth and ashes and whipped ourselves for our stupidity and greed... It underscores my feeling that the US has been the scapegoat for the world's economic problems, which I feel is largely not deserved. It's pretty clear in the above chart that many other countries have been eagerly over-extending credit when they should not have.

    jegan ;-)

    GOP for Obama!
    Reply | Link to Comment
  •  
    Oct 22 04:26 PM
    I dont see Central America on chart.

    Thomas
    realtyexecutivescentra...
    Reply | Link to Comment
Top Rated Comment Streams:

Numbers are net rating-

See all Top 100 »
More by Paul Kedrosky

Articles on related themes