Housing Strikes Back: Remaining Attuned to Risks

Author:Anil Ari
Pages:9-11
SUMMARY

It’s déjà vu all over again! House prices are going through the roof in major cities across the globe, reviving memories of the US boom that ended in a global financial meltdown.1 They are also raising concern about affordability, with millennials increasingly priced out and at risk of turning into "forever renters.

 
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Illustration: Laura Spofford
9IMF RESEARCH perspectives | IMF.org/researchbulletin
It’s déjà vu all over again!
House prices are going
through the roof in major
cities across the globe,
reviving memories of the
US boom that ended in a
global nancial meltdown.1
They are also raising concern
about affordability, with
millennials increasingly priced
out and at risk of turning into
forever renters.”
1See, for example, these recent articles on
London, Hong Kong, and Los Angeles.
Anil Ari
aari@IMF.org

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