Bad Husser, I think one reason people are flooding into real property is because they dont know what else to do with their money. While a lot people are struggling these days, a lot of others are doing very well. Those of us who are doing well are forced to speculate or park money in places. Its great to be doing so well in rough times but it sucks to feel like we have to speculate on investments.
These "little Americas" arent necessarily a bad thing except it happened to fast IMO. As somebody already said, investments are being made everywhere that shouldnt be being made.
Frenchie, I would also semi welcome a 2008 style crash. The only problem is that it would be a little different. It would really suck to have some sort of bail in done to us in the west or a MF Global on a larger scale.
These "little Americas" arent necessarily a bad thing except it happened to fast IMO. As somebody already said, investments are being made everywhere that shouldnt be being made.
Frenchie, I would also semi welcome a 2008 style crash. The only problem is that it would be a little different. It would really suck to have some sort of bail in done to us in the west or a MF Global on a larger scale.