Buyers Strike Goes Mainstream

Karl FitzgeraldCommentary1 Comment

Renegade Economists Show 175 Broadcast on 3CR, Wed March 30th Listen to the show Subscribe to the podcast As the Don’t Buy Now campaign hits fever pitch, the Age had our campaign as the lead story for most of the day. Google News Australia ranked the Buyers Strike at no1, as did Yahoo. The day started with David Collyer interviewed … Read More

Don’t Buy Now Campaign launched

Karl FitzgeraldCommentary3 Comments

Home Buyers Strike Called The Dont Buy Now Home Buyers Strike was launched Tuesday to warn prospective property buyers that now is the worst time to buy a house. The state of the housing market is unfurling at a rate of knots. A mexican standoff is being played out between sellers trying to maintain prices and buyers being hounded to … Read More

What Can’t Be Hidden from Revenue

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Phillipe Legrain First published in The Times as Tax land: it can’t be hidden from the Revenue Filling the gaping hole in the Government’s finances is, in George Osborne’s words, the “great national challenge of our generation”. Unwise spending cuts and tax rises could sap economic growth; unfair ones provoke political unrest; inaction a market panic. Faced with a national … Read More

Housing Investors Crowd Out Community

Karl FitzgeraldCommentary1 Comment

photo credit: fMoya With auction numbers at record levels, it seems that the pursuit of the greater fool is well underway. Melbourne’s May auction levels were the highest on record and this coming weekend could see almost double the June average of properties up for sale. Yesterday’s ABS figures on housing lending shows how genuine home buyers are being increasingly … Read More