#propertybubble — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #propertybubble, aggregated by home.social.
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AustralianSuper CEO Paul Schroder drops the quiet part out loud: calls for cheaper homes are basically 'nonsense' because our entire banking system — and economy — is underpinned by ever-inflating house prices.
We've spent 25 years pouring all our extra wealth into real estate instead of productive investment. The 'house' always wins.
Time for a serious rethink? Or just more super-funded band-aids?#HousingCrisis #AusPol #EconomicMyth #Superannuation #PropertyBubble
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Why are houses unaffordable from London to Sydney?
It’s not just “supply & demand” — it’s the rocket fuel of bank-created mortgage credit.
Steve Keen uses long-run BIS data to show how real house prices were flat for a century, then exploded after the 1980s when banks unleashed mortgage lending. The real driver? Not the level of debt, but the change in the change of mortgage debt — the credit impulse.#HousingCrisis #PrivateDebt #CreditBubble #SteveKeen #Economics #HousePrices #DebtDynamics #Macroprudential #Inequality #PropertyBubble
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DID YOU KNOW: #TheOlympics is a #gentrifiers wet-dream and does more to hurt people and entrench privilege and access, than most other global events.
Its not something we can sustain, especially not in its current form.
#repression #policeViolence #bigProperty #bigRealEstate #housing #housePrices #propertyBubble #speculators #speculation #travel #extremeTravel