After the cataclysmic mid-2000s real estate bubbles in the U.S. and European PIIGS nations, one would think that the world would never allow another property bubble to rear its ugly head again. Unfortunately, this thinking is completely wrong. Since 2009, the world has openly embraced new property bubbles with astounding vigor, in complete defiance of all lessons taught by the Global Financial Crisis. A series of new real estate bubbles have inflated in countless countries – I’ve named this bubble “The Global Property Bubble.” These new property bubbles are located in China, Canada, Australia, New Zealand, emerging market countries, northern & western Europe, and parts of the United States.
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