Philip Soos

Housing affordability and the changing debt burden of a typical mortgage

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by Philip Soos reposted from The Guardian Australia’s historically high and rising housing prices are widely debated and have prompted a number of government inquiries into housing affordability. The question stands open: is housing affordable in Australia? Affordability is often confused with related concepts such as ease of entry, serviceability and valuation. Ease of entry […]

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The EJ Craigie Writing Award

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The 2016 EJ Craigie Writing Award was presented at the 125th Annual Henry George Commemorate Dinner to Philip Soos for his excellent article Australia’s Real Lifters and Leaners published by Independent Australia on June 2. While the award is for a single piece of work, the Prosper Australia executive noted Philip’s considerable output and consistent […]

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Private tax is the great unspoken of neoliberal philosophy. And the rich are the winners

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by Philip Soos reposted from The Guardian When we hear talk about taxation, it is naturally assumed to refer to those taxes which are levied by the government. After all, no individual or business can charge anyone else a tax, right? From the 1980s onwards in the neoliberal era, there has been an effort by […]

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Australia’s real lifters and leaners

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by Philip Soos When the infamous duo of Abbott and Hockey came to power in 2013, they embarked upon a polarising rhetoric of “lifters” versus “leaners” separating Australians into one of two camps. The split was a simple one: those who earn and engage in productive activity, indicated by making a revenue or wage and […]

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The property holdings of members of the Queensland Parliament

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  The Queensland election this Saturday has the nation holding its breath.  Will the Liberal/National Party government of Campbell Newman with 78 of the 89 seats in the parliament be displaced by a very angry electorate, or merely have their huge majority whittled back and Premier Newman unseated? Intrepid researchers Soos, Egan and David have […]

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Soos and Egan – Australian Property Chart Pack

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  By Philip Soos and Paul D. Egan This chart pack presents the latest statistics for 2014, updating the dataset provided earlier last year. When adjusted for inflation and quality, housing prices have boomed nationwide since 1996, hitting a peak in 2010, before undergoing a slight fall and rise. On current trends, a new, higher […]

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ASIC ignores reports of mortgage fraud by lenders

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  by Paul Egan & Philip Soos- Co-Author’s ‘Bubble Economics: Australian Land Speculation 1830 – 2013’   Exuberant household credit growth over the last twenty years has a sinister dimension: the likelihood of widespread predatory lending and bank fraud. Every developed country, including Australia, has laws to regulate and hopefully prevent predatory lending, defined as providing credit […]

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Australia’s Addiction to Private Debt

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    by Philip Soos and Paul D. Egan A perennial and divisive issue in politics and economics today is the matter of public debt. It is commonly asserted that rising public debt threatens the economy and needs to be reined in. Governments are often portrayed as ‘irrational’ actors when they incur a fiscal deficit, […]

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The Housing Supply Chimera

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Australia is a mirror of other countries where high housing prices were also blamed on a shortage, always revealed, in hindsight, to be a chimera.

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Shortage-sceptic Prosper Australia shocks Senate committee

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  Prosper Australia shocked the Senate Economics Committee inquiry into Housing affordability with the view we have no supply constraints – because rents haven’t budged. They have been hearing from every vested interest that Supply! Supply!! Supply! is the key determinant. No, Prosper says, it is our very poor tax system. Nick Lenaghan at the […]

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