Housing boom not bubble

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ScreenHunter_21 Apr. 10 19.29

More bubble porn today, this time from the AFR, where Urbis chief economist Nicki Hutley reckons there is no bubble, we’re on the verge of an endless property boom, that interest rates have bottomed, that negative gearing boosts supply (!) and that the solution to supply constraints is greater urban consolidation!

I would normally ignore something so thin but it arises as such a perfect antithesis to MB that it was irresistible. Keep it civil peeps.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.