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...
BLOG: boom-bust
Perth rents free-fall liberates the tenantry
, Perth house rents have fallen 8.4 per cent in the last year and units by 9.3 per cent according to SQM Research. High pay in the mining investment boom drew many skilled engineering professionals and trades to Perth. They are now going home, seen in the steep...
4 Corners hard-boils ‘Home Truths’ from our land bubble
Australia’s premier TV current affairs program 4 Corners has a reputation for game-changing. Thoughtful analysis and a giant audience will do that. When it thunders, the time has arrived for a full reset. Last night’s episode ‘Home Truths’ lanced The Great Australian...
Australia’s housing bubble and the road to private serfdom
by Philip Soos cross-posted from Independent Australia Banks, abetted by government, want you to keep getting crippling mortages to pay for vastly overpriced land, but the party can't last forever. Over the last 20 years, housing has developed a reputation as a...
The Modern Debt Jubilee, a taboo medicine we desperately need
by Jesse Hermans Economies all over the world, primarily the Western ones, are entering what appears to be an era of stagnation. Japan’s experience over the last 25 years offers us insights into what the future holds. Unsurprisingly, economists dispute the cause of...
Peter Costello’s indefensible legacy
On Friday, Peter Costello used Fairfax to tell us how handsome he is and how splendidly the Future Fund he chairs is performing. He was responding to fellow establishment figure Howard Mitchell's comparing its returns against the Alaska Permanent Fund. The whole...
See The Big Short, talk about The Big Short
Based on Michael Lewis’s 2010 book, The Big Short is a critically acclaimed film about Wall Street in the lead-up to the 2008 Global Financial Crisis. “This business kills the part of life that is essential, the part that has nothing to do with business” - The Big...
Oz takes Gold! Go you Good Thing!
Last week, Philip Soos announced Australia had achieved global leadership in an exciting new arena: “Australian households have more debt compared to the size of the country’s economy than any other in the world.” According to LF Economics, we seized this dubious...
Judgement Day arrives for illegal foreign buyers
reposted from Macrobusiness by Leith van Onselen Today is 1 December, which means that the amnesty on illegal foreign buyers of Australian residential real estate is over and the Government’s new penalty regime comes into effect. From today, a foreign national that...
The Right to Collect the Rent
by Phillip Anderson Editor, Cycles, Trends and Forecasts NARITA, JAPAN:- This week judges in the UK ruled that Uber can continue operating. The judges decided Uber’s smartphone app is not a taxi meter. The app is what connects user to the drivers. Under British law,...