The charts that suggest the housing bubble is out of control

[muppet]

Jonathan Tepper, a UK based economist and founder of research house Variant Perception, is convinced Australia is in the midst of "one of the biggest housing bubbles in history".
The Australian Financial Review reports about how he and local hedge fund manager John Hempton scoped out the apparent epicenter of this bubble, Sydney's western suburbs, and walked away thinking it was even worse than they'd originally thought. It's a fascinating story.
In a subsequent report to clients, obtained by Fairfax Media, Tepper uses the following charts to support his thesis.

Read more: http://www.smh.com.au/business/the-e...#ixzz414fSQRvW
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[drelly]

Interesting article. I'd like to see a similar report on Auckland housing.