Quote:
Originally Posted by Sprintey
Used to think that things like endings happened, or reversions to means or whatever you want to call that, but now realise they will let everything else end before letting housing end. It's the dumbest thing to punt an economy on, it's not productive but rather restricts economic activity in productive sectors as land and rent rise. But here we are.
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Right on: A lot of Australia's exports are sold with little or no value adding, then we import an awful lot of our essential consumer goods from overseas. We are stitched up within numerous international trade agreements. But because of our comparatively small domestic market and reliance on our export industry I do not think that the 'Trump' import tariff theory would work here.
Back to the housing theme; "It's the dumbest thing to punt an economy on, it's not productive but rather restricts economic activity in productive sectors as land and rent rise." Remember John Howards 'The housing led recovery' . What's the saying ? doing the same thing repeatedly and expecting a different outcome !