Housing bubble

Workers earning the black line need the red line to buy  a home. The red line rising is mostly Asian rebalance. The Asian rebalance has an ending.

More Asian rebalance.

 Foreigners, mainly from China, purchased 25 percent and 16 percent of the new housing supply in New South Wales and Victoria, respectively, in the year through September 2016, according to a Credit Suisse Group AG examination of state tax receipts.