Monday, January 24, 2011

All housing supply conditions lead to higher prices! Amazing economic discovery by ANZ

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This is so hilarious, I have to run it by you all -- according to this article , a bigger supply of housing will lead to higher house price...
Sunday, December 12, 2010

Treasury warning on home price 'bubble'

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Can anyone work out WTF the ALP were thinking making Wayne Swan Treasurer? "However, it is the considered position of the Treasurer and...
2 comments:
Friday, September 24, 2010

More ALP corruption and betrayal of their constituency

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Ever wonder why negative gearing benefits are unassailable to the ALP? Or why their response to a housing bubble is to increase the First Ho...
2 comments:
Thursday, January 01, 2009

A couple of announcements

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Australian bailout of dodgy banks (and I thought we were 'decoupled' from the international maelstrom in the US, UK and now Europe) ...
2 comments:
Wednesday, December 31, 2008

Statement concerning the failure of governments to govern

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With regard to watching the housing 'boom' unfold without oversight, disenfranchising the next generation, we can only accuse govern...
14 comments:

Causes of the housing boom

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There have been a number of secular trends in recent decades around household formation and income which have combined to drive up housing p...
2 comments:

Policy suggestions for more affordable housing

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My policy suggestions designed to make housing more affordable in Australia and limit the effects of a rapacious, destructive boom include (...
7 comments:
Monday, December 31, 2007

Is household debt getting worse?

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Even though home prices have stopped rising in most parts of the country, household debt continues to grow. The ratio of household debt to i...
2 comments:
Monday, December 03, 2007

A lose-lose election for home buyers

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Thanks, Steven Keen... A lose-lose election for home buyers - Business - theage.com.au
Saturday, November 24, 2007

Mortgage stress may be behind Bible belt crime

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Quelle surprise: SYDNEY'S Bible belt is known for its McMansions, aspirational voters and enthusiastic church-goers. But the conservativ...
1 comment:
Saturday, November 03, 2007

Tale of two Sydneys as property divide widens

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SYDNEY'S two-speed property market could continue this year as mortgagee-in-possession sales drag down the lower end of the market. An A...
Tuesday, October 09, 2007

Sydney not alone in seeking housing crisis solution - National - smh.com.au

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hmm, Jess Irvine hasn't done a market-pumping piece funded by the REI for a change -- remarkable... As per the article, if politicians ...
Wednesday, October 03, 2007

Rent crisis taking psychological toll

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THE rental crisis is having negative psychological effects on tenants, with a growing number reporting rent-associated depression and anxiet...
Thursday, September 06, 2007

Credit squeeze hits Aussie banks

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There you have it -- the banks opened up the credit floodgates 5 years ago, precipitating the boom, and now it's come full circle -- mas...
2 comments:
Tuesday, August 28, 2007

Victoria pulls ahead

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So cheaper Victoria is pulling ahead of property price-gouging NSW -- and yet heightened demand in Victoria isn't escalating house price...
Monday, August 13, 2007

Housing affordability hits new record low

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Those hard-working pollies who 'manage the economy' (or so they keep telling us) are at it again, fixing up the housing affordabilit...
Thursday, August 09, 2007

Ten's company: what the rental squeeze means for owners

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More on the housing/renting/apartment overcrowding debacle -- this is what happens when you leave housing in a capitalist free market with l...
Wednesday, August 01, 2007

Home ownership now an 'unattainable dream'

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HOME ownership has become an unattainable dream for many low- to middle-income earners in Australia, a new report has found. The Beyond Reac...
Tuesday, July 31, 2007

Why is housing so expensive?

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A nice summary article on the speculative real estate market: Why is housing so expensive?
Sunday, July 15, 2007

THE POLITICS OF AFFORDABILITY

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A great public service article on Neil Jenman's website (www.jenman.com.au), written by Terry Ryder. A fantastic synopsis, well worth r...

A housing illusion we buy every time

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A reasponable attempt at an analysis of the boom. I particularly like the reference to the stupidity of the sheeple in the following openin...

Mortgage stress to hit home at election

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Enough said. (And Jessica Irvine at the SMH is not running a RE industry market-pumping story for a change, very strange, what could have l...

Home loans on tap: no deposit, no inspection

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Is this somehow connected to the housing boom that the politicians are so earnestly wringing their hands about in Darwin at the Premiers Con...
Sunday, July 01, 2007

Housing costs squeeze budgets

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SOARING housing costs are squeezing family budgets in Sydney, even though incomes in the city are higher than almost everywhere else in the ...

BIS warns of Great Depression dangers from credit spree

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Here comes the fallout from easy credit and borrowing — see the following post concerning the increasing number of foreclosures taking place...

Surge in families forced to sell their homes

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Looks pretty grim for the economy, for families, and for the housing boom. Naturally the politicians who pride themselves on 'managing ...
Wednesday, June 20, 2007

Blogger learns how to monetise hate

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I've spoken to Casey in the past, posted on his website, and *tried* to provide sage counsel to him. Now he's visiting Sydney... Bl...
3 comments:
Wednesday, April 18, 2007

Rents fuel plight of homeless young

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What a surprise that the politicians are doing nothing about housing on their $200K salaries and perks and pensions paid from YOUR money. I...
Wednesday, March 21, 2007

Housing Rebounds, Sky Green - Motley Fool

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Try not to step in it today, housing bubble watchers. Once again, the real-estate cheerleaders and compliant 'journalists' out there...
Monday, March 19, 2007

Media Watch: Front Page - Who's Raising The Rent?

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Interesting exposé of the REI and the SMH by ABC's Media Watch, who are increasingly moving to the right these days in their reporting. ...
Monday, March 12, 2007

Housing costs dim appeal of bright city lights

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Shared equity schemes are one of the weakest things you can do in terms of reducing land speculation and land bubbles, but we are coming to ...
Saturday, March 10, 2007

Seeking Curbed-Cost Appeal, Builders Cut Homes' Price And Size

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Why doesn't NSW 'Labor' do affordable housing on state-owned lands instead of selling them off to the highest bidder in an asset...
Thursday, February 22, 2007

Why renters fat and thin are singing

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It's a pretty safe bet the big story in housing this year will be steep increases in rents. The media have dubbed it the "rent cris...
Tuesday, February 13, 2007

Wind out of sales

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This shows the incredibly poor quality of urban planning in Sydney — people don't want to live in the far-flung outer suburbs because th...
Saturday, February 03, 2007

Housing surge to favour rich

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Mr McNamara said that as the three interest rate rises of 2006 took affect, the impact would be felt more deeply by low-to-middle income ear...
Sunday, January 14, 2007

Harder they fall: Sydney's biggest housing slump

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Sydney home prices have suffered their sharpest annual fall on record as the property market continues to slump - and experts are tipping th...
Friday, January 12, 2007

Housing not affordable for many workers - Jan. 10, 2007

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Americans struggle to afford housing An annual income of about $85,000 is needed to afford median-priced homes; salaries have not seen modes...
1 comment:
Saturday, December 30, 2006

Real Estate agent schtick

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While on the patrick.net theme (following), here is a terrific treatment authored by Patrick Killelea of how the real estate industrial comp...
Thursday, December 28, 2006

Renters Gloat Over Housing Slump - Wall Street Journal

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An article in the Wall St Journal concerning my good friend and fellow bubblebear Patrick Killelea, founder of patrick.net: Renters Gloat Ov...
Sunday, November 19, 2006

The Coming Collapse in Housing

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(click to enlarge) When you look at Robert Shiller's graph of inflation of house prices, adjusted for monetary inflation, over the last ...
Monday, November 13, 2006

Suffering in silence: a city on the edge of insolvency

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Very interesting, NSW 'Labor'. The Joe Tripodis and Frank Sartors clearly really don't care what happens to the average househo...
Monday, November 06, 2006

Homebodies raise the drawbridge to avoid an out-of-control world - National

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A telling sign of the times: IF THE home is our castle then we are raising the drawbridge. Mounting frustration with the travails of modern ...
1 comment:
Sunday, November 05, 2006

How could Sydney get it so wrong?

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Then there's the thriving, hustling metropolis, where every opportunity to show intelligence or courage or (God forbid) altruism is mowe...
Wednesday, November 01, 2006

Home ownership slips out of reach

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Housing is at its least affordable in almost three years, with spiralling land costs and excessive fees making home ownership more out of re...
Sunday, October 15, 2006

Sydney's pay-later poor

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Sydney's pay-later poor The Sunday Telegraph DEBT-stricken families with new homes, cars and plasma televisions in Sydney's sprawli...
Thursday, October 05, 2006

How the housing bust went west - Opinion - smh.com.au

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Looks like the spruikers' stories caught the slower Westies out. When interest rates went to an all-time low, shrewd investors in the e...
Friday, September 29, 2006

We of the never-never home loans

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THE RESERVE Bank is alarmed at the rise of interest-only home loans, warning of negative equity for borrowers who fail to make inroads into ...
Sunday, September 17, 2006

Bought for $262,500 in 2003, sold for $95,000 last week

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The boom is busting — a little. State and Federal govts do nothing to control such capitalist boom/busts based on irrational exuberance, of...
Monday, September 11, 2006

PM told he's wrong on house prices

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PM told he's wrong on house prices Housing booms and unaffordability are multi-factorial. The Federal Coalition is as much to blame as ...
Tuesday, September 05, 2006

Priced Out Of House And Home

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The Register-Guard, Eugene, Oregon, USA : There is one clear solution to the affordable-housing crisis: a real estate crash. It's the on...
Saturday, August 26, 2006

Boom and bust on the home front - smh.com.au

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The state government (ministers, advisers and sundry flacks), speculative investors, lenders, and voters should really have a good, hard thi...
Tuesday, August 22, 2006

Home owners find equity a spent force

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Tried to warn them: THE stagnant property market has taken a toll on a favourite Australian pastime: converting bricks and mortar into cash....
Thursday, August 17, 2006

Consumer hopes dive as prices weaken pay rises

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THE Coalition pinned 10 years of legitimacy on the fact that low and stable interest rates made for comfortable consumers. But mortgage pres...
Sunday, July 09, 2006

The Daily Telegraph | Suburbs' rent chaos

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The Daily Telegraph | Suburbs' rent chaos : "SYDNEY'S rental crisis has spread west as outer suburb vacancy rates spark unprece...

The Daily Telegraph | Land sale cover-up

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Land sale cover-up : "THE State Government has been caught out trying to cover up its secret plans to sell off parts of the 5500ha West...
Thursday, July 06, 2006

Aussies sinking deeper into money crisis

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Does NSW Labor really care about the plight of workers in the state? Not really. Otherwise they would have done something about housing cost...
Tuesday, June 27, 2006

The global housing boom - In come the waves - The Economist

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"NEVER before have real house prices risen so fast, for so long, in so many countries. Property markets have been frothing from America...
Monday, June 12, 2006

Real estate bubble and the housing spin

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Here's an article for the idiot politicians to think about as they refuse to regulate or gag the 'sunny Jim' REI and PCA types: ...
Monday, June 05, 2006

Realtors Using "Econ" to Push Overpriced Homes

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Real estate agents seldom differ the world over... patrick.net Blog - Realtors Using "Econ" to Push Overpriced Homes
Friday, June 02, 2006

No room at the inn - Online Opinion

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Federal Labor Senator Kim Carr on 'the problem of homelessness' and reader comments, including some of my own: No room at the inn Re...
Tuesday, April 04, 2006

Riotous Real Estate

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ZNet |Economy | Riotous Real Estate Last February the sirens howled in Hollywood as the LAPD rushed reinforcements to the 5600 block of La M...
Wednesday, March 29, 2006

Neil Jenman News Articles

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You can see why governments like to leave real estate transactions, the largest transaction many people will ever conduct, in the hands of t...
Saturday, March 11, 2006

DEMOGRAPHIA: 2nd Annual Demographia International Housing Affordability Survey (2006)

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DEMOGRAPHIA: 2nd Annual Demographia International Housing Affordability Survey (2006) Many analysts and much of the business press have foll...
Saturday, March 04, 2006

Poor little rich city

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Poor little rich city - National - smh.com.au Sydneysiders' living standards have fallen over the past year, eaten away by higher petrol...
Wednesday, March 01, 2006

Costello hails revival while economy struggles

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Costello hails revival while economy struggles - National - smh.com.au Australia has undergone an economic revival under his watch, Treasure...
Saturday, February 25, 2006

House prices recover, but it may yet be a blip

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House prices recover, but it may yet be a blip - National - smh.com.au Since prices have dropped marginally, a few young hopefuls and avaric...
Friday, February 24, 2006

What's a fair price for property?

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What's a fair price for property? - Opinion - smh.com.au There are thousands of owners of five-acre lots in the two growth areas. I talk...
Wednesday, February 22, 2006

Behind locked doors - the deadly epidemic of fear

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Behind locked doors - the deadly epidemic of fear - National - smh.com.au : 'Most people keep to themselves here because of the crime. A...