I’ve seen some stupid arguments in my time. But the below drivel from Chris Leishman – Professor of Housing Economics, University of Adelaide – is right up there. According to the good professor, “declining house prices are no better for housing affordability than rising prices”. Let’s examine his key arguments:
…falling house prices are bad for home owners and good for aspiring home owners, right? In practice, things don’t work out quite like this, for several reasons.
