No comment

As suggested with the negative interest rates and flooding the system with money. There is no value left and you can walk away from the monies loaned.

Australia's base rate is now down to 1%, New Zealand base rate is now down to 1%.

To put the -0.5% rate in simple terms: If you bought a house for $1 million and paid off your mortgage in full in 10 years, you would pay the bank back only $995,000.

What are the social costs picked up by the society? And what is the role of websites like AirBnb

Contrarian view investor. And I don't think he was wrong but ran out of runway (money) against the Central Banks/govt policy etc. If you have a view/opinion and the market keeps going against you, you have to sometime take stop and may get with the flow/ get in line. I think this also describes the housing market, everyone knows its over inflated, but how long can you wait for the game to playout? You just get in line which sadly adds for the game to keep going on

The article discusses future prospects for building companies equity returns with an emphasis on the effects of the Help to Buy scheme. It's clear that Investors Chronicle consider that Help to Buy benefited builders and banks. In 2021, Help to buy will be restricted to first-time buyers only and for homes with a market value restricted to regional price caps. In 2023, the scheme is currently set to terminate. If you accept Investors Chronicle's conclusion that returns on housebuilder equities may be depressed by the withdrawal of help to Buy, it's hard to avoid the conclusion that the scheme was a benefit to banks at builders using public money.