Global Housing Collapse Spreads
I guess it is natural that with the fall of real estate prices in the United States, and the advent of Real Estate Tourism (Europeans taking bus tours looking for real estate bargains in the US) that other markets should follow to keep pace with competitive pressures from the United States. Interesting to note that most of these markets are for vacation and second home real estate which just goes to show there isn’t exactly a lack of disposable or investment income unless you’re sitting on your behind just waiting for that factory to re-open and recall you.