Comments on: Has the Stimulus Finally Run its Course?

By: Matt

Matt — Wed, 02 Sep 2009 02:40:44 +0000

Neil.

Have a look at Singapore. It is nearly 50% than it was in the sixtires.

Have a look at a multistory building.

Not creating more land…Are you serious????

Commercial property is on the nose around the globe…Why, too many offices pretty much….Artificial land built on top of physical land.

Land is not finite. Dubai is proof of this aswell.

By: Danny

Danny — Wed, 02 Sep 2009 01:28:27 +0000

Doesn’t Neil have a point?

And how do you factor in rental demand? There are still queues going around the proverbial for accommodation within 20kms of the cities.

By: Ian

Ian — Wed, 02 Sep 2009 00:46:51 +0000

Sick of dumb and corrupt politicians
Vote 1
Kris Sayce For Prime Minister and Treasurer

By: Neil

Neil — Tue, 01 Sep 2009 22:46:02 +0000

You are missing a key ingredient from your supply and demand equation. Unlike apples and bananas, land does not grow on trees and is a finite resource, i.e. you can not supply more land. Forget the house this can be replaced at any time, provided you have land.
The smart money is on land within 20 km of major cities, this is where people want to live. If you are not within this epicentre it is because you cannot afford the price the owner of this finite resource is willing to accept. You should infact be comparing land to classic paintings by the grand masters, these also can no longer be produced.

By: DAVID

DAVID — Tue, 01 Sep 2009 09:40:47 +0000

Have been reading your articles for quite sometime….much of what you say reasonates with me…..I think you probably know a lot more than you have thus far revealed (fiat currencies, market manipulation etc). I believe the property market here has another 9-12 months at most before you start seeing a replication of the real estate bubble that started in the US. Whilst we jockey for position in the sharemarket, our work etc the whole capitalist continues on to it inevitable end……it collapses in on itself, doing exactly what it was designed to do. When we attempt to seek value in products created by mans energy like fiat dollars etc…we will fall far short of what we are made for….create and share.
This whole fiction called the corporate world ( a creation on paper) controls vitually everything we do and spawns more paper…MBA’s CDO’s etc. Our real world is collapsing as a result of a fictional system (everything created by man is artificial and has a finite life span.) Man has the power to obliterate himself many times over, the current economic pressures globally poses a potential for war that could be major…and all we are fighting for is our freedom to fight each other in a capitalist society. I think the worst atrocity that has ever been committed upon man by his “fairly elected govt” is the govt handing a sovereign right of the people – the creation of credit to a private banking cartel. Very few understand what money is and how it works…..yet they spend the best part of their years paying off a debt belonging to the bank in the first place. Even bank managers here in Melbourne are totally clueless about the practice of double entry book keeping used by all banks using GAAP. Do you have any advice on how one gets to see the T chart created at loan creation from a bank?