Posts Tagged ‘behavior distorting taxes’

Dear Australia, the world is watching, waiting for our bubble to burst

Thursday, April 29th, 2010

  photo credit: robertivanc The great property speculation game is over in America and Europe.  The music has stopped. Forty years of steadily increasing pressure has been released.  Houses are worth a fraction of what people paid in better times, while the giant mortgages they took on remain. Meanwhile, Australia parties on.  We play the [...]