The Global Real Estate Bubble Is OFFICIALY Bursting: Harry Dent

Harry DentHarry Dent, Economy & Markets Daily, Released on 8/26/16

It’s official.

The global real estate bubble is bursting.

After imposing a hefty 26% tax on foreign buyers, and a 12% to 16% surcharge for buyers who flipped their house between one and two years, Singapore real estate has declined 21.5%.

Vancouver has taken similar measures, and – surprise, surprise – its real estate is down 24% in just five months!

That’s what I mean when I say that when bubbles burst, they do so dramatically and rapidly.

But this is likely just the beginning…

I put Singapore into razor-sharp focus in February of last year when I noted it had some of the most expensive real estate in the world. It has the highest standard of living of any country in Asia – even higher than in the U.S.!

Continue…

Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent Research, where he dedicates himself to identifying and studying demographic, technological, and geopolitical trends. He has a free daily newsletter at www.harrydent.com called “Survive and Prosper.” Mr. Dent accurately predicted Japan’s collapse in 1989, the dot-com bubble-bust in 2000 and the housing bust in 2006 to 2007 (among many other things). He’s written numerous books, including The Great Boom Ahead (1992), The Great Depression Ahead (2008), The Great Crash Ahead (2011) and The Demographic Cliff (2014).

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