Property investors are killing it, sucks for everyone else

 

Our interactive guide to bricks and mortar across the world

Source: Daily chart: Global house prices | The Economist

People will claim it’s all about the fundamentals until it ends in tears.

Central banks and legislators need to assert control over retail banks. Start by preventing zero down-payment loans, and making all bank executives personally liable if their bank goes bust. Skin in the game, not fat bonuses until they cause a steep recession followed by a comfortable retirement.