The Australian Housing Market Is a Bubble

Australian housing market is most probably a bubble. What are the unique dynamics of housing markets that might have led to this? How have other housing bubbles played out in history and what's likely in store for Australia's? Those are all questions we'll be dealing with in bubble week. A word of warning, this series will be biased. And just because I'm biased doesn't mean I'm wrong. It's time to call a bubble a bubble rather than drawing a false equivalency between the housing bull thesis and the housing bear thesis.