The bubble isn’t just in New York or in the U.S.

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Large, cosmopolitan cities around the world are experiencing a housing bubble, where prices are running up and demand is as well. Paris, London, Hong Kong and elsewhere, from Ireland to New Zealand they’re all seeing a similar real estate situation as New York, and the consequences of any bubble burst in these cities may resonate in the Big Apple and across the United States. more [NYT]
Also: Is Greenspan being straight about the housing bubble? more [NYT]