Hudson – Looking at the economic changes ahead

Karl FitzgeraldCommentary, Hot Issues, InternationalLeave a Comment

Renegade Economists Show #279 Listen to the show Subscribe to the podcast This week on Renegade Economists we’re talking to Michael Hudson, economics research professor at the University of Missouri Kansas City, prolific writer and author of half a dozen books on the United State’s economy. Michael’s been paying close attention to China as they prepare their speculative report on … Read More

Magic Money Quotes

Karl FitzgeraldCommentary, Hot Issues5 Comments

Earthsharing and Australia’s 2nd richest man Harry Triguboff are quoted in Forget Undersupply, We’ve Got Too Many Houses, AFR July 7-8: Apartment billionaire Harry Triguboff was surprisingly candid at a lunch held by the American Chamber of Commerce last October. He told the audience he was able to pay “very little tax”. “I keep a lot of my properties. And … Read More

Housing Oversupply Evidence Builds

Karl FitzgeraldHot Issues2 Comments

The Financial Review’s Ben Hurley has revealed an absolute game changer in the age old housing supply debate: Adjusted by Morgan Stanley researchers to allow for a potential census under count, the 228,000-home undersupply becomes a 341,000-home oversupply. This adds to the imperative for better checks and balances in housing supply analysis. Our recent Speculative Vacancies report revealed Melbourne had … Read More

Over 90,000 Empty Houses Amidst Housing Crisis

Karl FitzgeraldCampaigns, Hot Issues6 Comments

20 June 2012 There are 90,700 vacant houses in Melbourne – 5.9 per cent of the total – according to Earthsharing Australia’s 5th annual Speculative Vacancies Report. “Our lazy land use makes a mockery of the drive for affordable housing,” researcher Philip Soos said today. Vacancy hotspots include: Docklands 14.1%, Williams Landing 13.5% and Truganina 12.9% where construction has clearly … Read More

Housing Glut Interest

Karl FitzgeraldCampaigns, Hot IssuesLeave a Comment

Adam Schwab wrote up our fourth report on speculative vacancies in Crikey yesterday. Shortage or glut? Feast or famine? The question of whether Australia is suffering a housing shortage continues to be hotly disputed, with the real estate and construction lobbies arguing a desperate shortage exists, while other independent bodies, such as Prosper Australia, disputing the notion of a shortage. … Read More