‘ADI profits boom as risk rise’ by DFA, show impairments are down or stable from mid 2019. Even with Oz 119% debt to GDP, the US 2008 bust was sparked by increased debt default and fraudulent NINJA loans. Oz banks are stiff lipped with issuing debt atm so IMO, Oz house prices have not peaked. I agree with LVO about the interest rate adjustment at the end of fixed terms being a concern only if the RBA is serious about inflation control. If the FED 25 basis point rise into 7% inflation is anything to go by asset prices will trump inflation concerns in the mad debt fuelled world we reside, until the ability of debt servicing fails.
House prices have doubled in Florida since 2018, with a 30-40% increase in the past 6 months alone. There looks to be no end in sight. Builders are putting houses up about 25,000 a month for a new build.
@@nopch8t247 yep they are and its driving prices up due to shortages of housing. Florida was one of the cheaper markets in the US having been hit hard by overbuilding in the runnup to the GFC. Since then there has been little building activity due to lack of funding and oversupply. With current monetary policy of 30 year fixed at 3% and 8% inflation its a no brainer
@@mattfinch7403 if this is the case then markets will operate. Governments with rapid population drops will be forced to adopt more welcoming or tolerable policies. The regions with favourable housing affordability and appropriate societal policies will see influxes of people. The entire market will operate appropriately. Families will favour cohabitation to adjust to expense costs, and this will impact communities and local businesses. We need to push for less intervention and simply consumer protections that are priced at the consumer level. Behaviour will follow incentivising. Both money making and money saving.
@@M.-.D seems like Powell is going to get serious about increasing rates, that will pull things back a bit. However US is different to Australia. Demographically Millennials here are now driving house formation at the same time money is cheap and large influxes into the southern states for those seeking affordable lifestyle and less government intervention. But in truth home prices here have only just clawed their way back to the levels just before the sub prime. Imagine paying your house off for 15 years and selling it for the same money
![PREPARE for Powell's Surprise Speech Tomorrow [Federal Reserve].](http://i.ytimg.com/vi/tuEDoa9qL4E/mqdefault.jpg)
Another great interview, thanks team. I hope your channel grows.
‘ADI profits boom as risk rise’ by DFA, show impairments are down or stable from mid 2019. Even with Oz 119% debt to GDP, the US 2008 bust was sparked by increased debt default and fraudulent NINJA loans. Oz banks are stiff lipped with issuing debt atm so IMO, Oz house prices have not peaked. I agree with LVO about the interest rate adjustment at the end of fixed terms being a concern only if the RBA is serious about inflation control. If the FED 25 basis point rise into 7% inflation is anything to go by asset prices will trump inflation concerns in the mad debt fuelled world we reside, until the ability of debt servicing fails.
House prices have doubled in Florida since 2018, with a 30-40% increase in the past 6 months alone. There looks to be no end in sight. Builders are putting houses up about 25,000 a month for a new build.
I thought people with money were heading to Florida for the freedom ?
@@nopch8t247 yep they are and its driving prices up due to shortages of housing. Florida was one of the cheaper markets in the US having been hit hard by overbuilding in the runnup to the GFC. Since then there has been little building activity due to lack of funding and oversupply. With current monetary policy of 30 year fixed at 3% and 8% inflation its a no brainer
@@mattfinch7403 if this is the case then markets will operate. Governments with rapid population drops will be forced to adopt more welcoming or tolerable policies. The regions with favourable housing affordability and appropriate societal policies will see influxes of people.
The entire market will operate appropriately. Families will favour cohabitation to adjust to expense costs, and this will impact communities and local businesses.
We need to push for less intervention and simply consumer protections that are priced at the consumer level. Behaviour will follow incentivising. Both money making and money saving.
@@M.-.D seems like Powell is going to get serious about increasing rates, that will pull things back a bit. However US is different to Australia. Demographically Millennials here are now driving house formation at the same time money is cheap and large influxes into the southern states for those seeking affordable lifestyle and less government intervention. But in truth home prices here have only just clawed their way back to the levels just before the sub prime. Imagine paying your house off for 15 years and selling it for the same money