The Contrarian Investor: Housing catastrophe or nasty wobble?

Housing catastrophe or nasty wobble?

For some strange reason I cannot seem to escape talking about bubbles.

Over the past few weeks, I have wondered aloud that bonds, US equities, commercial real estate, and Chinese equities are far from being preposterously overpriced with outsized capital inflows, or in bubble territory. This leaves us with the UK housing market. Let us be honest – residential property is the elephant in the room when it comes to sensible long-term savings. Put simply, if wealthier investors feel they can make more money from housing, they will continue to stay away from securities and funds and pump money into buy-to-let investments or paying down the mortgage as fast as...