Relevant:
- "No Risk Of Housing Bust" - Australian CB
- Home Sellers Get Realistic in Australia; Mining Companies Going Bust in Record Numbers; Australia Headed for Disaster Zone
- Housing Shortage Set to Hit 35 Million in 2050
- Shades of 2006: That's What Australia Housing Bubble Looks Like From US Perspective
- Global Recession On The Way
2012-06-27 — globaleconomicanalysis.blogspot.it
Allegedly there is a housing shortage with close to a million vacant homes.
At the peak of every bubble there always appears to be a shortage. There appeared to be a shortage of Florida condos in 2005 as well.
The nutcases really believed Florida needed more condos. The nutcases at the RBA now believe "no risk of housing bust" in Australia, right in the midst of what I believe will be a decade-long implosion. What a hoot.
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