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Your point? How do we benefit or how have you benefitted

"Value"? What does a house worth $100 million TJamesX dollars on TJamesX Island mean to you?

Nope, just asking him to post a London/Manhattan graph in real terms to see how it compares with Syd/Melb, to see if the theory of no city can go on growing in real terms forever stacks up. Anyway a lot of theories, a lot of learned and semi-learned POVs, but I guess like always the bottom line...

Of course. Show me a graph of Mt Isa. And Gold Coast.

Would like to see how London and Manhattan real prices compare Many cities in Australia are already down 20-30% in real terms

Even in US asset prices have risen in real terms recently

Not really I think everyone is aware of the blue line. It depends who the ultimate holders of that debt is. The importance of the red line is that it is owed to foreign investors. If your debt is held by the same institutions in the same country it's a different matter because you print the...

Interesting. The whole concept of leverage would depend on the cost of servicing leverage. If you can borrow a lot of money at 0% interest rates, what would you do? Of course that doesn't change a country's economic output, but it changes the relative nominal value between one class of asset...

Let's just say people in Hong Kong made similar predictions in 2008, 2009, 2010, 2011, 2012, 2013, 2014. All have been caught out. The rise of China is something that I think is so hard to quantify.

Pretty bold statement to make. Not sure if there's any country that has weathered much more terrible financial crises except Japan have lower real prices 20 years later. Even Japan may not, given Yen has been deflating faster than houses (you do say real prices). Anyway, 2015/16 is probably a...