Three unofficial state secrets about the housing problem

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by Gavin Putland re-posted from his blog Secret 1: The purpose of encouraging home ownership is to create a majority of voters who own real estate and who therefore support policies that make real estate as expensive as possible, for the benefit of the biggest owners. Secret 2: The purpose of financing home ownership through […]

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Wolves at the door – not trying to push it down, yet

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Back in May, US blogger Wolf Richer held forth on Wolf Street that hedge funds were betting record amounts on the imminent meltdown of Australian banks and our housing bubble by shorting shares. His arguments had me nodding my bearish head in agreement, yet the facts tell a different story. If shorts think a business […]

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Land Use Corrupted by Economics and Religion

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by Bryan Kavanagh reposted from thedepression.org.au ECONOMICS Economics is about how we produce and distribute our wealth. This is important because it’s about us: about our daily lives. But we’ve outsourced economics to economists who don’t understand the role of land within political economy. They’ve put themselves upon a pedestal as high priests of a […]

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Land prices are not simply a matter of supply and demand

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by Bryan Kavanagh Reposted from On-Line Opinion Fortunately, the theory of real estate valuation is not as difficult to comprehend as the theory of value, over which economists continue to fight endlessly. Real estate valuation concerns the assessment of particular parcels’ market price. It is not about some abstract or philosophical theory of value. Maybe […]

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https://prosper.org.au/2016/08/