[quote=all]The chart will look different once you adjust for GDP growth. Since ’97 US is up 25%, Ireland is up 70%.[/quote]

That is so true. Since the 1990s globalization created so much wealth around the world. From Moscow to Beijing, etc….

Comparing the USA to the UK: last year the UK housing bubble was predicted to finally burst. With half a year behind it’s still difficult to say what will happen. The situation has grown even more uncertain with the hung parliament. This could see house price growth slow further (the worst levels for the past 4 years https://tranio.com/united-kingdom/analytics/uk-election-results-what-does-this-mean-for-the-housing-market_5340/?utm_source=latest_news&utm_medium=letter&utm_campaign=699 ) But still the overall lack of supply will continue to support prices. I’d say that the bubble will have to wait till the next year, though not much promise for investors in England anyway.