Column - David Watts

According to the Yale economist, Robert Schiller, the US housing bubble - which is in the middle of bursting - is the first nationwide boom in residential property prices that the country has ever experienced. There have been many pockets of explosive growth in US house prices before - property values in New York, California and Boston all shot up in the 1980s - but until 2000, we had never experienced a nationwide rise.

The reason it has happened now is that everyone has been able to borrow

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here