Yeah, thats's why he gets interviewed by the BBC, Al Jazeera and Russia Today, instead of Chris Joyce.
He also gets interviewed by Sky news on Switzer quite regularly.
As for Al Jazeera and Russia Today, they probably want to undermine the US, if not they probably want to differentiate themselves from the mainstream to get attention.
Face it bears, we are wrong, we have lost, the only way to win is to vote for the Stable Population Party in 2013.
stinkbug omosessuale Frank Castle is a liar and a criminal. He will often deliberately take people out of context and use straw man arguments. Frank finally and unintentionally gives it up and admits he got where he is, primarily via dumb luck! See here Property will be 50-70% off by 2016.
Yeah, thats's why he gets interviewed by the BBC, Al Jazeera and Russia Today, instead of Chris Joyce.
He also gets interviewed by Sky news on Switzer quite regularly.
As for Al Jazeera and Russia Today, they probably want to undermine the US, if not they probably want to differentiate themselves from the mainstream to get attention.
Face it bears, we are wrong, we have lost, the only way to win is to vote for the Stable Population Party in 2013.
Steve and Peter Switzer went to uni together.
I wouldn't say that bears have lost yet, but it hasn't been a great couple of days for them. However it's not houses to the moon either is it?
Any expressed market opinion is my own and is not to be taken as financial advice
I wouldn't say that bears have lost yet, but it hasn't been a great couple of days for them. However it's not houses to the moon either is it?
No, but we need to take control.
stinkbug omosessuale Frank Castle is a liar and a criminal. He will often deliberately take people out of context and use straw man arguments. Frank finally and unintentionally gives it up and admits he got where he is, primarily via dumb luck! See here Property will be 50-70% off by 2016.
I wouldn't say that bears have lost yet, but it hasn't been a great couple of days for them. However it's not houses to the moon either is it?
No, but we need to take control.
Perhaps you should read the reasons that Steve gave that might be affecting the real estate maket in Australia.
There are several obvious factors that could explain why:
•Australian mortgages are mainly floating rate, so rate cuts by the RBA very rapidly reduce the debt servicing burden. In the USA on the other hand, mortgages are fixed rate; •Government efforts to keep the property Aspidistra flying—ranging from the hardy perennials of the Federal First Home Vendor Grant, Negative Gearing, setting Capital Gains Tax at half the Income Tax rate and exempting the family home, to State-based sales tax exemptions and First Home Vendor Schemes—have succeeded to some degree in enticing new entrants; and (irony alert) •There is no Australian house price bubble.
Steve is now considering within his range of possibilities that there is NO bubble.
Perhaps you should read the reasons that Steve gave that might be affecting the real estate maket in Australia.
There are several obvious factors that could explain why:
•Australian mortgages are mainly floating rate, so rate cuts by the RBA very rapidly reduce the debt servicing burden. In the USA on the other hand, mortgages are fixed rate; •Government efforts to keep the property Aspidistra flying—ranging from the hardy perennials of the Federal First Home Vendor Grant, Negative Gearing, setting Capital Gains Tax at half the Income Tax rate and exempting the family home, to State-based sales tax exemptions and First Home Vendor Schemes—have succeeded to some degree in enticing new entrants; and (irony alert) •There is no Australian house price bubble.
Steve is now considering within his range of possibilities that there is NO bubble.
I was never a Keen fan boy.
Quite frankly all those considerations are pathetic and should have been considered from day one. He doesn't even consider immigration numbers and population growth.
stinkbug omosessuale Frank Castle is a liar and a criminal. He will often deliberately take people out of context and use straw man arguments. Frank finally and unintentionally gives it up and admits he got where he is, primarily via dumb luck! See here Property will be 50-70% off by 2016.
Perhaps you should read the reasons that Steve gave that might be affecting the real estate maket in Australia.
There are several obvious factors that could explain why:
•Australian mortgages are mainly floating rate, so rate cuts by the RBA very rapidly reduce the debt servicing burden. In the USA on the other hand, mortgages are fixed rate; •Government efforts to keep the property Aspidistra flying—ranging from the hardy perennials of the Federal First Home Vendor Grant, Negative Gearing, setting Capital Gains Tax at half the Income Tax rate and exempting the family home, to State-based sales tax exemptions and First Home Vendor Schemes—have succeeded to some degree in enticing new entrants; and (irony alert) •There is no Australian house price bubble.
Steve is now considering within his range of possibilities that there is NO bubble.
The ideas floating around that 'anyone can predict that a crash will happen at some point', and that 'even a broken clock is right twice' aim to give the idea that even if Keen is proven to be right, it's no big deal because he's been predicting the same thing for so long.
That argument doesn't sit well with me. Assuming we do have a bubble, those who fail to identify it, won't even be right once.
A bit like a warning that you're living near a volcano that is no longer dormant, the warning that we have a massive housing bubble that risks collapse is what's important. Predictions about timing will always be an educated guess, at best.
Perhaps you should read the reasons that Steve gave that might be affecting the real estate maket in Australia.
There are several obvious factors that could explain why:
•Australian mortgages are mainly floating rate, so rate cuts by the RBA very rapidly reduce the debt servicing burden. In the USA on the other hand, mortgages are fixed rate; •Government efforts to keep the property Aspidistra flying—ranging from the hardy perennials of the Federal First Home Vendor Grant, Negative Gearing, setting Capital Gains Tax at half the Income Tax rate and exempting the family home, to State-based sales tax exemptions and First Home Vendor Schemes—have succeeded to some degree in enticing new entrants; and (irony alert) •There is no Australian house price bubble.
Steve is now considering within his range of possibilities that there is NO bubble.
You missed his "irony alert".
No I saw that, but he even though it may have been tongue in cheek, he still considered it.
Any expressed market opinion is my own and is not to be taken as financial advice
The ideas floating around that 'anyone can predict that a crash will happen at some point', and that 'even a broken clock is right twice' aim to give the idea that even if Keen is proven to be right, it's no big deal because he's been predicting the same thing for so long.
That argument doesn't sit well with me. Assuming we do have a bubble, those who fail to identify it, won't even be right once.
A bit like a warning that you're living near a volcano that is no longer dormant, the warning that we have a massive housing bubble that risks collapse is what's important. Predictions about timing will always be an educated guess, at best.
Yeah, but I don't think anyone seriously proposes that house prices will never fall. The only argument is about when, how fast, and how far. These are pretty important things. So to me, people out there who are saying "house prices are gonna fall" are not really predicting anything. It's like saying "It's gonna be 12 noon."
It becomes interesting and useful if somebody puts a time and some measurements around it, and you have to admit the accuracy of the pundits has not been good. I'm not saying I could do any better, though.
The truth will set you free. But first, it will piss you off. --Gloria Steinem AREPS™
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