Having our flagship resources industry rely on foreign credit and politically driven Chinese demand is unstable enough. Now our house prices rely on them as well!
April 4th, 2010 | Nickolai Hubble | 9 comments | ContinuedAll Posts Tagged With: "property spruikers"
Debt Drugged
Governments and central banks have managed to engineer some more spin, but only at the expense of piling more debt on top of the already wobbling structure.
March 6th, 2010 | Nickolai Hubble | 2 comments | Continued
Higher Rates Preventing Buyers from Looking for New Mortgages
But in the universe in which your editor woke up this morning, none of that has yet happened. That makes this world, at least to these eyes, surreal. It’s not like the facts aren’t evident. In Australia, for example, the average house price remains so far out of reach for the new buyer that it’s laughable. Yet day after day, everyone in the press (and in polite society) pretends that things are going along quite normally.
January 13th, 2010 | Dan Denning | 70 comments | Continued
