Very interesting article. Read both the US and Canada sections completely.
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Housing is so manipulated, that it is akin to "central planning" of the economy by Russia and China during their communist years. As we know from their experience, central planning drove their countries into poverty.
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http://www.newworldparty.org/2011/04/housing-most-manipulated-market-in.html
Thanks for sharing those articles.
This photo set is slightly off topic but interesting none the less. It shows empty new cities built in China. Some are built in remote areas without employment so they are probably unattractive to buyers at this point.
Apparently there are only 16.5 million empty houses in China not 64 million. I have no idea about the accuracy of either number.
http://www.businessinsider.com/chinese-ghost-cities-2011-5
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