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The population-house price myth, according to Steven Keen
The property lobby consistently argues that the driving force beneath rising house prices is a rising population. Even a cursory examination of the data shows that this is not true, argues Steven Keen, associate professor of economics and finance at the University of Western Sydney. The real force is accelerating mortgage debt, as he explains in the video below. (Read more about Keen’s views on his DebtWatch blog.) Source: YouTube, June 9, 2011(hat tip: Financial Doom Blog). More on this topic (What's this?) How an Investment Portfolio of 9 Rappers Beat the Market (Investment U, 5/1/12) 9 Lonely High-Growth Companies with No Analysts Following Them (AB Analytical Services, 7/5/11) 9 Stocks Trading Under $7 With Monster Upside Potential (Investment Underground » Page n..., 6/10/11) 1 comment to The population-house price myth, according to Steven KeenLeave a Reply |
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By Prieur du Plessis, on June 13th, 2011 posted in: 
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