Steve Keen:ANZAC house prices have not cracked yet:Why?

[icm63]

http://www.debtdeflation.com/blogs/2009/10/02/when-herds-collide-on-the-yellow-brick-road/

NZ banks are Aussie banks, and the Aussie banks are not hurting yet so they still lend over easy!

When easy money (govt assisted) has gone in 2010, things will change, added the poor economy, house prices will acceleration to the downside!




AussieHousePrices.png

[pianodoctor]

Re: Steve Keen:ANZAC house prices have not cracked yet:Why?

Did you see the Belgium graph line at the Economist link? WTH is going on there??

[icm63]

Re: Steve Keen:ANZAC house prices have not cracked yet:Why?

Please post a link !

[pianodoctor]

Re: Steve Keen:ANZAC house prices have not cracked yet:Why?

Oops, sorry, it was on the page you linked to, but hidden down in the comments. http://www.economist.com/displaystor...ry_id=14438245

[GRG55]

Re: Steve Keen:ANZAC house prices have not cracked yet:Why?

Did you see the Belgium graph line at the Economist link? WTH is going on there??

Looks like the Belgian data is lagging a bit. Zoom in and run the chart from Q1 03 to present and compare with Spain, and the lines look similar, except that the data stops for Belgium. It's hard to see that on the longer timeline chart.

Also thought the German experience was interesting...

[metalman]

Re: Steve Keen:ANZAC house prices have not cracked yet:Why?

Looks like the Belgian data is lagging a bit. Zoom in and run the chart from Q1 03 to present and compare with Spain, and the lines look similar, except that the data stops for Belgium. It's hard to see that on the longer timeline chart.

Also thought the German experience was interesting...

tried to compare china to the usa... got this error... ;)

[pianodoctor]

Re: Steve Keen:ANZAC house prices have not cracked yet:Why?

Nyuck, nyuck!

[BK]

Re: Steve Keen:ANZAC house prices have not cracked - Boston Area

The Boston area Real Estate is the Tale of Two Real Estate Markets.

Property outside 128 as seen a pretty significant correction. Inside Route 128 Highway (includes the immediate Boston suburbs) the price correction has been fairly meager. I think (and I may be wrong and welcome critism) that liquidity is still flowing through cheap Bank loans, Healthcare related boom (biotech, pharma, hospitals), and people general belief that the worst has been seen. I think Boston Demonstrates EJ theory the the House price correction would start in the Ex-burbs and move in towards city centers. I don't believe that the major US cities have seen their true bottom in prices.

Or is it possible that the massive liquidity provided by the Fed has put a floor in Real Estate in places like Boston - perhaps you've heard that they aren't making any more shoreline or land and you'd better buy yours fast!

[jbm3996]

Re: Steve Keen:ANZAC house prices have not cracked yet:Why?

Or is it possible that the massive liquidity provided by the Fed has put a floor in Real Estate in places like Boston - perhaps you've heard that they aren't making any more shoreline or land and you'd better buy yours fast!

Don't tell the Dutch land isn't being created anymore ...