Tuesday, March 22, 2011

Interesting Take on the Australian Hoiusing Market

Bursting the bubble of house price phobias

spruik: Verb (third-person singular simple present spruiks, present participle spruiking, simple past and past participle spruiked) 1. (transitive, Australian) To promote a thing or idea to another person, in order that they buy the thing, or accept the idea

Posted by luckyjim @ 11:43 PM (1345 views)
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2 thoughts on “Interesting Take on the Australian Hoiusing Market

  • history says though that all bubbles burst and even the author admits this is a bubble…in fact no bubble has ever had a soft landing

    tulips from amsterdam
    south sea bubble
    dow 1929-1932
    dotcom boom oil and gold from 1980(fell for 20 years)
    oil in 2008
    80s property bubble
    us housing market

    people say its different this time,but it never is

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  • “Sometimes we see bubbles where there are none.”

    A few examples of such mass hysteria would have been nice.

    That said, the idea that governments can successfully deflate a large house price rise gently over a decade or so is interesting; In that case, does the UK/Australian government understand what it is doing (which implies it’s keeping its mouth very tightly shut on the subject) or are they stumbling into this area without really understanding how their actions affect the market?

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