Skip to content
Subscriber Only
Opinion
Mark Gongloff

The Whole World’s in a Housing Bubble Now

Prices are getting unaffordable from New York to New Zealand.

There’s a lot of this going around.

There’s a lot of this going around.

Photographer: David McNew/Getty Images North America

This is Bloomberg Opinion Today, a toothbrush fence of Bloomberg Opinion’s opinions. Sign up here.

One point three million U.S. dollars sounds like too many dollars to pay for a house that’s practically falling down, until you consider it’s in the suburb of a major city in a developed country that beat Covid-19, is relatively safe from nuclear fallout, and has a toothbrush fence.