Six signs of an asset bubble

[essence]

07/02/2013

What do tulips, car licence plates and ostriches have in common?

They're among dozens of dodgy investments that have undergone spectacular booms and busts over the years.

Source

[Bob Kane]

I'm not sure why that author mentioned the housing market in the final paragraphs.
Five of his six signs don't apply to housing and I'm not sure if easy credit is applicable today.
A rather odd article.

[eri]

imho

100% finance

is easy credit

and the food of booms

so it should be banned

[flyernzl]

f you really really want 100% finance you will usually be able to find a way to get it, despite any restrictions a Government may bring in.

[drelly]

I once spoke to a lady who was planning to invest $250k in licence plates... told her it would be quicker to hand it out in the mall.

[eri]

just imagine if she had been able to borrow that money at 100%

who would end up paying...

[flyernzl]

Obvious answer - the ratepayer and/or the taxpayer of course.

They always do, directly or indirectly. That's the New Zealand way.

After all, they are infinitely rich.