Keen on mortgages

Keen on mortgages

The day before my post on house borrowing, Steve Keen posted this article.  In summary he is saying that in Australia there is a much closer link between the availablility of finance and house prices (his view) than between earnings and house prices (the main view held before the global debt crisis.

I have linked to his summary blog – if you want more detail he links through to a more detailed article in the Australian Business Spectator, which includes more figures and graphs.

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