Nouriel Roubini warns that policymmakers are powerless to rein in frothy housing markets around the world. – Project Syndicate

http://www.project-syndicate.org/commentary/nouriel-roubini-warns-that-policymmakers-are-powerless-to-rein-in-frothy-housing-markets-around-the-world

According to Roubini, there are many places in the world experiencing housing bubbles partly because of the “walls of liquidity” to shore up the banks. He explicitly mentions Finland, so maybe my observation earlier this year was no so out of place. And also thanks to the perceptions of a commenter there is a longer term trend visible.

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