Can You Smell the Fear?
On Tuesday, SQM Research released their forecast for house price movements this year. Louis Christopher is as dour as a maiden aunt.
Tag land supply
Property Supply Magic
photo credit: Super Doily As published in yesterday’s Online Opinion As if out of thin air, a magical 46 per cent more property was offered for sale in February than a year earlier. Like the heavens opening after a long…
Buyers Strike finds heavyweight backing
The first home Buyers Strike announced by tax reform group Prosper Australia last week is being supported by debt-skeptic Steve Keen. “This is an excellent idea which I endorse,” Keen said on his website (1) yesterday. “It would be a…
Buyers Strike “Irresponsible”
“Two secure jobs and a good deposit are no longer enough to buy a home. First home buyers must make a life-long vow of poverty as well. It is irresponsible to expect such a sacrifice,” Collyer said. “Do not underestimate their anger and frustration at being denied land ownership and its civic benefits.”
Land greed drives Arab fury
Arab cities lack even the basic facilities we take for granted in the West. The royals live alongside. Their giant palaces nestle in irrigated manicured gardens surrounded by high walls and efficient security.
Liberate labor and enterprise
The reform challenge for our beloved country is to discard the taxes that weigh on effort and creativity, and to put them instead on economic rents, like land and mining.
Australia’s world-beating real estate
A soundly-based Land Value Tax to reduce the taxes on labor and enterprise would restore the rewards to effort and propel the economy forward like a rocket.
The pain in falling land prices
photo credit: Travis S. The US housing market is a living hell. Homeowners are being boiled alive. The price of land was bid up to staggering multiples of incomes, until it no longer made sense to buy a house. And…
Selling alleys and lanes: latifundia at work.
Melbourne City Council is selling lanes to developers, according to The Age today. It makes a pretty penny, too, having pocketed $1.2 million from the sale of part of three lanes in the last 12 months alone. The article sparked…
Melbourne’s secret plan
photo credit: Lucia. . . A secret map of Melbourne’s transport plans for the next 30 years was published in The Age yesterday. Doubts were raised about its authenticity (weakly, unconvincingly) by the Victorian government. Average householders may shrug, but…