Real estate cycle expert Bryan Kavanagh says turnover and price declines in Sydney and Melbourne during 2018 indicate an economic recession in the 2019-20 financial year. The 2018 “Kavanagh-Putland Index”, released today, shows the total value of Australian real estate sales to GDP. Mr Kavanagh said the $50 billion pumped into markets by the Rudd-Swan […]
by Bryan Kavanagh “The more tuned out the general population, the more James can get away with his Game before voters notice.” A full house for the Melbourne book launch by co-author Dr Cameron Murray of the “Game of Mates: How Favours Bleed the Nation” at RMIT’s Francis Ormond Building on Friday. I’ll let people […]
by Bryan Kavanagh reposted from thedepression.org.au Mason Gaffney gives amazing chapter and verse in ‘The Corruption of Economics‘ about the people who successfully sought to conflate land and capital within the study of economics, in order to circumvent Henry George‘s popular late 19th century campaign to capture land rents to the public purse as an […]
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 […]
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 […]
Economic depression for dummies Let’s say labour joins with capital and land to produce wealth, and that the locational rent of land arises as a by-product, simply from the existence of the surrounding community and its infrastructure. Say, for some reason or other, you wanted to create an economic depression. How would you go about […]
By Bryan Kavanagh and David Collyer This week’s game-changer, the Property Taxes paper by Grattan Institute has a minor error on land valuation that needs correcting before it becomes a gift to the opponents of reform. Grattan is acutely aware that on this topic they are treading ground with an illustrious history. They […]
by Bryan Kavanagh reposted from On-Line Opinion Whilst in Newgate Prison (1827-1830) for the abduction of heiress Ellen Turner, Edward Gibbon Wakefield had a great idea. If you kept land prices high in the new British colonies, people could be forced to work like slaves for you. You didn’t need convict labour. If people worked […]
An economics professor planned to live without acknowledging land.
He would have succeeded but found that he needed food, clothing and somewhere to stand.
by Bryan Kavanagh AAPI Today’s Victorian API news demonstrates the Australian Property Institute is at risk of losing its way: “Property taxes shoulder Vic budget The Victorian government is becoming addicted to property taxes, which will raise over $6 billion in forward estimates for the 2013-14 Victorian State Budget.” [My emphasis] The phrase “becoming addicted to property […]