Login

Housing Begins to Crash – Australia – New Zealand – London

Share on Facebook Tweet on Twitter

Posted by Martin Armstrong - Armstrong Economics Armstrong - Armstrong Economics

on Thursday, 04 January 2018 06:52

HOUSE-Money-768x768Property values are starting to crash hard in Sydney Australia, New Zealand, and London. Politicians are simply idiots. They all targeted foreigners buying property as the leading cause for the rise in housing prices. What they failed to grasp is that people spend more money when they THINK they have equity in their home. Whenever housing starts to decline, so does consumer spending and guess what – you get the economic downturn. Dah!

....also from Martin:

Bitcoin Still in Trouble


Free Subscription Service - sign up today!

Exclusive content sent directly to your Inbox

  • What Mike's Reading

    His top research pick

  • Numbers You Should Know

    Weekly astonishing statistics

  • Quote of the Week

    Wisdom from the World

  • Top 5 Articles

    Most Popular postings

Learn more...



Our Premium Service:
The Inside Edge on Making Money

Latest Update

The Hated Currency Trade: Buy Japanese yen

If extreme sentiment can be used as a contrarian indicator, and it has stood the test of time in many different markets, then now might be the...

- posted by Jack Crooks

Michael Campbell Robert Zurrer
Tyler Bollhorn Eric Coffin Jack Crooks Patrick Ceresna
Josef Mark Leibovit Greg Weldon Ryan Irvine