A nice article from GMO about real estate bubbles, and how many indicators are implying possible trouble in China (India and to a lesser extent Canada also seem to be showing this in my view). The USA, on the other hand, seems to be close to bottoming out according to their analysis, which would line up with things that Warren Buffett has said in the past few months. The link below is to a summary, and the original article is linked there for people who are registered with GMO.
http://www.gurufocus.com/news/145558/gmo--observations-on-the-real-estate-cycle-in-china-and-the-united-states-fxi
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