The Global Real Estate Bubble Is OFFICIALLY Bursting | Seeking Alpha

Bubbly cities like Singapore and Vancouver have started punishing foreign housing investors that have pushed up property prices to unaffordable – and unsustainable – rates.  Foreign investors are now being taxed in many of these areas, and as a result, their real estate markets have begun to tank. During this housing burst, the most high-end, desirable locations will be hit the hardest.