More than five years ago, the collapse of overinflated housing markets brought the global economy to its knees. Though some countries are still struggling to recover, the bubbles are back in others. Here are 5 of the world's largest housing bubbles.
"Goldman Sachs analysts spotlighted some of the world’s fast accelerating housing markets this week, in a bid to try to sniff out potential for problems in the making," writes Matt Phillips, who summarizes the dangerous conditions arising in Israel, Norway, Switzerland, Canada, and Germany.
"Since the depths of the Great Recession home prices in Israel are up roughly 40%. And the inability of young couples to get a foothold on the 'housing ladder' has become an increasingly politicized issue," he explains. Meanwhile, in Norway, "land use restrictions and relatively stringent minimum size and quality standards" have limited supply, driving "prices up roughly 30% since the worst of the Global Recession."
Read the full story: The world’s five largest housing bubbles: A brief, whirlwind tour
The Best Country in the World to Grow Old
The country most friendly to electric vehicles is also the country most supportive of senior citizens, not that there's a relationship. After Norway, Sweden is the best place to grow old, according to the just released Global AgeWatch Index.
"Stop Mass Immigration" Referendum Passes In Switzerland
The vote to approve restrictions on immigration passed narrowly with 50.3 percent of the vote. The main repercussion may be how it impacts trading with its neighbors in the EU as immigration quotas may invalidate a 1999 treaty allowing free movement.
The Pandemic Is Not Ending—But Restrictions Are
The science hasn't changed but the politics have, and policymakers are responding appropriately. Transmission of the coronavirus during the Omicron wave remains at an all-time high, although infections are decreasing globally.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
California plans to bury El Niño’s downpour
If the state plays its cards right, it may be able to store a billion acre-feet of El Niño’s water in aquifers.
Chicago breaks ground on $3 billion megadevelopment
The new neighborhood, titled Foundry Park, will one day host 3,700 residences.
California High-Speed Rail Authority CEO resigns after $600,000 scandal
Under Ian Choudri, the authority used taxpayer dollars to fund first class flights and trips to nightclubs.
Want to study the Missouri River? Soon, you may need unanimous approval from 10 states
Legislation would require 10 governors’ permission to study or build projects moving water outside the basin.
Desperate measures: Advocates weigh draining Lake Powell to fill Colorado River
Draining the reservoir could reduce evaporation losses by a couple hundred thousand acre-feet.
FREE Course: Walkable City 1: Why Walkability?
After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.
Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
The course focuses on the opportunities and imperatives that shape reinvention of mall sites.
City of Rosemead
Rutgers University, Edward J. Bloustein School of Planning and Public Policy
One Hundred Miles
Hunter College, City University of New York (CUNY)
The Architects Foundation
University of Cincinnati Online
City of Cambridge
Montrose County
The Pocatello Development Authority