In an effort to present balanced views on topical issues todays article is from Crikey.com. Now Crikey are an unbiased, non-aligned news agency. These days it is difficult to not read news that espouses editorial from the political leanings of its owner(s). I believe we should strive for a balanced view (even though I am a screaming lefty!).
The housing situation is crazy. Prices and rents continue to escalate. Rents increase with every quarter % point interest rate increase. It almost feels like the petrol collusion that takes place in this country on a weekly basis. Prices increase along with all the excuses – comments and complaints are elicited from all an sundry – before too long we get used to it – petrol prices stay at those levels. Rent hikes are beginning to perform the same way.
OK, enough of me…I mean I’m not a journo. Let’s read todays contribution from journalist Glenn Dyer.
“Why a rate rise will only take house prices higher”