There’s more news on the housing front to report and argue about. Remember, all we’re saying is that rising Australian housing prices had a lot more to do with the credit boom than any critical shortage of housing stock. This alleged shortage is often alluded to but never proven, so far as we can see. If someone does have proof, we’re happy to publish it. But if there were really a shortage of housing units, wouldn’t there be a lot more people living in the streets or in their cars?
March 25th, 2009 | Dan Denning | 14 comments | ContinuedAll Posts Tagged With: "housing price"
When Will Housing Stop Falling in Price?
Remember, housing is a consumer item, not an investment. It needs to be affordable. That is, the average fellow has to be able to buy the average house – and pay for it…
August 29th, 2008 | Bill Bonner | 1 comment | Continued