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Australian Home Price Update

Why it matters for U.S real estate
Posted by John McClelland on September 12, 2011 in No Category
Long ago we had taken note of the frothy Aussie housing market and noted some parallels between what has been occuring there and what we experienced in the United States. One of these was the "housing shortage" will keep prices up statement. While real estate is a market with a lot of friction, shortages should'nt last long unless municipalities artificially restrict supply through zoning. Bloomberg talks about the home-shortage myth today: http://www.bloomberg.com/news/2011-09-11/housing-bears-say-sh... read more
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