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    Huge article from Steve Keen on why prices are going to crash

    Here's some more......apparently Mr. Keen believes that as we've borrowed too much for housing, we’ve avoided hitting the ground of deleveraging by climbing to a higher cliff...
  2. Player

    Huge article from Steve Keen on why prices are going to crash

    Who knows? :confused: The next tranche of suburbs that might return 200 % in 10 years could be different to the list provided by MTR above. All the suburbs mentioned except perhaps South Melbourne, were seen as undesirable despite being within 10-15 km of the CBD. Sometimes suburbs are...
  3. Player

    Huge article from Steve Keen on why prices are going to crash

    Is there too much hot air? Different time in each city............is there too much hot air in the balloon? Today the REIA released it's December 2009 Median House Price Data as follows: Sydney: $598,000 (increase since Sept of +$29,000) Melbourne: $540,400 (increase since Sept of...
  4. Player

    Huge article from Steve Keen on why prices are going to crash

    A little bit here....a little bit there Yep. Markets within markets. Just one example going back to MTR's purchases and accomplishments in Broadmeadows. That area still wouldn't be anywhere near the median I gave above, however it is likely that MTR (coming off a cheaper base) nonetheless...
  5. Player

    Huge article from Steve Keen on why prices are going to crash

    It's in Melbourne...........certainly hot here. In fact blitzing the rest of the field: Melbourne Current median $540,400 Quarterly Increase +$60,400 Yearly Increase +$130,400 from the Real Estate Institute of Australia. I know, I know, lies, damn lies and statistics. Still somthing...
  6. Player

    Huge article from Steve Keen on why prices are going to crash

    It could be the vibe your honor I heard today that the seismologists at CBA are talking of reducing LVR's (from 90 %) to 80 % for investors. If (and assuming if) they do this then the other pillars will follow. Could they know something that is about to hit us here and are preparing for the...
  7. Player

    Huge article from Steve Keen on why prices are going to crash

    Size does matter Thanks for sharing Peter. T'was very long.......obviously Mr Keen considers that size does matter. :p Initial impressions as I was scrolling down was that it looks like "copy" for an ad to sell a seminar on............well, you know; his theories ;)
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