Deakin University’s Philip Soos pulls no punches in his assessment of the Australian real estate industry, describing it as a Ponzi scheme and a bubble waiting to burst, writes Larry Schlesinger.
Housing bubble
Residential property market continues to struggle
Despite the best attempts by housing bulls, banks and politicians to resuscitate the flailing residential property sector, the Australian market (Sydney excluded) continues to struggle
Is the housing bubble a myth? Sure is, if it’s different
It has been said that the four most dangerous words in investing are “this time it’s different”.
House prices: a huge difference between price and value
If you ever wanted a detailed explanation as to why Australian property markets aren’t guaranteed to recover, we’d suggest reading Michael Yardney’s article titled to “Why our property markets are guaranteed to recover.”
Millions of taxpayers’ dollars propping up non-bank mortgages
The Australian Office of Financial Management, under the auspices of the world’s greatest Treasurer, Wayne Swan, has been spending billions of dollars of taxpayer money propping up the non-bank mortgage sector.
Don’t be surprised if the GDP is shocking
It doesn’t take a fall in GDP or a rise in unemployment to prick a housing bubble, writes Gavin R. Putland, from Prosper Australia.
Housing: what the bubble giveth, the bubble taketh away
The property mood appears to have shifted from buoyant, to flat to morose in just a few months.
The great big giant housing spruik, care of our papers
Your local real estate agent can spruik to his or her heart’s content about the virtues of the “never declining” housing market with impunity, writes “Delusional Economics” of Macro Business superblog
Chinese housemaids, tofu dregs and a building boom
A report states that the housing equivalent of Rome is being built in China every two weeks, writes John Addis, founder of The Intelligent Investor and Crikey director.
Housing … past performance no indication of future returns
Instead of restricting supply of dwellings, it appears that in Melbourne especially, banks appear to be doing the opposite.
Are Australian governments ponzi merchants?
By pumping demand and limiting supply, Australian governments are doing their darndest to keep the housing bubble alive. But when banks or households reach their limit the bubble will burst, writes Leith van Onselen.
Buying a home ‘a ridiculous thing to do with your money’
A US financial expert recently suggested that “buying a home has to be the most ridiculous thing you could ever do with your money”.
China and the Matryoshka doll bubble-within-a-bubble
The China bubble is a story that doesn’t look like it’s going away.
Distressed US housing market a danger to the recovery
It is not a surprise that the US housing sector is deeply depressed.
The housing bubble and the illogical excuses that surround it
It’s not only uneducated investors and self-interested mortgage brokers who make illogical excuses for the property bubble.
Signs of the bursting housing bubble are emerging
A drop in the price of residential property tends to happen far more slowly than a share market correction.
Australia, Ireland parallels: watch out, there’s something in the Eire
Australians should look very closely at the terrible situation occurring in Ireland, particularly since most remain blissfully ignorant of the dire state of the global economy.
Housing bubble backflip from RBA’s Ellis
Does the RBA’s head of Financial Stability Luci Ellis read Crikey?
Will interest rates burst Australia’s housing price bubble?
A high profile US economist argues that rising interest rates will lead to a steep drop in Australia’s house prices. Despite growing fears, the industry has so far proved resilient, writes Chris Zappone.
Housing: if it walks and looks like a bubble, it’s a bubble
The Reserve Bank of Australia and its acolytes continue to staunchly dismiss the notion that Australia is in the midst of a property price bubble.
High-rise developments … there are high risks, too
While the changes in foreign investment rules may appear to benefit developers — they may in reality be creating a new set of unforeseen risks.
Housing bubble and banks … time for disclosure and context
There’s nothing wrong with exploring the issue of high home prices and their impact on our banks and the economy, just that the claims have to be given full context.
Housing shortage? No, it’s a debt-fuelled bubble
The property bubble denialists continue to ignore reality.
Housing: bubble, bubble, toil and trouble — or is it?
Even the experts can’t agree on whether there is a housing bubble — so what hope do the masses have?
