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Byline: Karen Lowry Miller (With Adam Piore in New York, Craig Simons in Beijing, Avraham Karshmer and Ginanne Brownell in London, Jen Lin-Liu in Shanghai and Mac Margolis in Rio)
On a bitterly divided planet, there is still one subject that gets everyone talking in unison. From Seattle to Sydney, Dublin to Dubai, people are obsessed with housing booms that threaten to burst in bubbles. Londoners still buzz about Lakshmi Mittal, the Indian steel tycoon who in April bought a mansion in Kensington Palace Gardens for $128 million, making it the most expensive house ever sold. European football stars bid up the prices on an artificial island in Dubai before the first ...