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RE: Australian Housing Bubble - Moody's Bank Downgrade
A few thoughts on top of my existing "Australian Housing Crisis" series of posts. The latest of which can be found here.
- Property is a religion in this country and hence requires a suspension of dispassionate evaluation
- Property is the only thing supporting this economy so there is strong pressure to keep blowing the bubble
- Debt slavery is actively sought out here, choosing not to buy is taboo
- The Boomer demographic is a big deal in terms of how it will impact supply & demand as they retire. See Mike Maloney's work and to a lesser extent that of Harry Dent.
Excellent points. I just read 2 of your posts and after a quick skim of some of your other posts, I am looking forward to reading more of them. Your posts are a beautiful blend media based articles and personal experience, its adds to your arguments. Your first 3 points are insightful. I have studied Maloney and Dent and appreciate their views.
Thanks for the kind words @contemplate. Yes I try to mix in on-the-ground observations with the broader macro trends to not only make things easier to digest but provide a more rounded article.
Hopefully some of my content you'll find good enough for the odd resteem 😉
Thanks again, your feedback is much appreciated. 👍
Sorry, just noticed that you are the author of the recent Amazon article you posted which I appreciated...I am having a hard time keeping up :) I am still learning the ropes of Steemit.
Ah yes that was me. Very glad to hear that my work is of benefit to people... makes the 5am blogging worth it! Thanks again 😆