Links 21 April 2017

Global Macro / Markets / Investing:






    • Although malcolm was right “This Saturday, every single vote will count. I need you to vote for Tony Abbott so together we can see things through for jobs our economy and our country. Thank you for your time,’ Mr Turnbull said in the voice messages.”

  1. NEW Foreign buyer tax of 15% to address bubbly Toronto housing market, getting creamed with hot money flow (avoiding Vancouver RE that has had the 15% in place for a period of time now)
    Gladys or Pallas to entertain this tax level as well?


    … United States …

    Census: More Americans 18-to-34 Now Live With Parents Than With Spouse … CNSNews … h/t JG

    …. Vancouver …

    Housing affordability taking huge swipe at Metro Vancouver’s ‘missing middle’: Report … GlobalNews
    … brilliant video …

    … Houston … from Tory Gattis at Houston Strategies …

    Forbes on Houston’s winning formula for affordability, housing supply, and urban density

    This week I’d like to talk about a couple of Scott Beyer’s great pieces in Forbes. The first is “Houston, Dallas & New York City: America’s Great 3-Way Housing Supply Race”. Conclusion:

    “These statistics are glaring, and show that the urban housing affordability crisis, and its solution, is far simpler than many pundits suspect. … read more via hyperlink above …

    • NEW ZEALAND: Rob Stock: Lessons from home affordability report … Stuff / Fairfax NZ

      Rob Stock: Lessons from home affordability report |

      OPINION: A report by a landlords’ lobbying group has proved houses haven’t become more “unaffordable” to the young.

      Phew, that’s a relief, because I was under the impression that in our big cities they were severely unaffordable.

      I had been seeing signs of severe unaffordability everywhere; falling home ownership, increasing years to save a deposit, parents guaranteeing mortgages, youngsters needing gifted deposits, and the skyrocketing ratio of house prices to household incomes.

      But then the Property Investors’ Federation (PIF) Housing Affordability Report assured me: “Commentators who state that it has never been less affordable to get into your first home are wrong and may inadvertently be doing a great disservice to first home buyers.” … read more via hyperlink above …

  3. Scott Morrison approved the sale of 10,000 existing Australian dwellings to foreign nationals last year.
    FIRB approval for new builds only, Bill.
    It is not rocket science.