While on the patrick.net theme (following), here is a terrific treatment authored by Patrick Killelea of how the real estate industrial complex convinces people to pay too much for housing: Housing Crash Continues, Bubble Pops
This free market rampage continues unchecked, unregulated and disregarded by our dodgy shyster politicians who pretend to be concerned about everything while doing absolutely nothing about anything.
As reader Sean Olender put it: "Many people have forgotten that their number one restriction on future freedom -- to do what they want, when they want, and to go where they want -- it isn't the Iraqis, or Iranians, or North Koreans, it isn't the axis of evil, it's their mortgage lender."
A weblog to publish views and articles on the housing affordability crisis, particularly as it is occurring in Australia, exacerbated by free market real estate salespeople and lobby groups, and indifferent governments who are either laissez faire or actively providing inappropriate tax breaks and clearly inflationary, irresponsible grants like the FHOG and FHOB.
Saturday, December 30, 2006
Thursday, December 28, 2006
Renters Gloat Over Housing Slump - Wall Street Journal
An article in the Wall St Journal concerning my good friend and fellow bubblebear Patrick Killelea, founder of patrick.net:
Renters Gloat Over Housing Slump - WSJ.com
Renters Gloat Over Housing Slump - WSJ.com
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