Sustain Posted October 15, 2015 Share Posted October 15, 2015 Clearance rates dropped from 90% to 39% over the past few weeks Link to comment Share on other sites More sharing options...
Parley Posted October 15, 2015 Share Posted October 15, 2015 Clearance rates dropped from 90% to 39% over the past few weeks where ? Link to comment Share on other sites More sharing options...
Keith and Linda Posted October 15, 2015 Share Posted October 15, 2015 Idylic Occupiers :wink: Close! Link to comment Share on other sites More sharing options...
Wooba Posted October 21, 2015 Share Posted October 21, 2015 Interesting read. http://wolfstreet.com/2015/10/20/why-mainstream-economists-deny-housing-bubbles-until-after-they-implode-which-they-always-do/ Link to comment Share on other sites More sharing options...
Paul1Perth Posted October 21, 2015 Share Posted October 21, 2015 Interesting read. http://wolfstreet.com/2015/10/20/why-mainstream-economists-deny-housing-bubbles-until-after-they-implode-which-they-always-do/ It is a decent article but I've seen several with the same message and sooner or later one of them is going to be right. One strange thing he says though is if an economist from a major bank was to come out and say there's a housing bubble he would be sacked. The current head of the RBA, Glen Stevens has said there's a housing bubble and that Sydney house prices are "crazy". He didn't get the sack. Link to comment Share on other sites More sharing options...
flag of convenience Posted October 21, 2015 Share Posted October 21, 2015 It is a decent article but I've seen several with the same message and sooner or later one of them is going to be right. One strange thing he says though is if an economist from a major bank was to come out and say there's a housing bubble he would be sacked. The current head of the RBA, Glen Stevens has said there's a housing bubble and that Sydney house prices are "crazy". He didn't get the sack. Well not strange at all. An economist working for a bank is hardly likely to go ageists bank interests of flogging of 'cheap' loans. Housing is the mainstay and easy money for the banks. Meanwhile Glen Stevens job is to ensure the economy doesn't crash. Link to comment Share on other sites More sharing options...
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