Yeah so there was a Bloomberg (gay) video posted a day ago that Matt Barrie over on Twitter talking about Australian housing and rents. We all know shit is fucked here but maybe it has become fucked enough that analysts (that aren’t Harry S Dent or Mike Martins) who live in other countries have started to notice as well. I watched the whole video and it’s not very interesting and ofc it doesn’t mention immigration, but it does implicitly insinuate its role when it talks about unprecedented demand for properties and rentals, and where else is that ‘demand’ mostly coming from.
The question before us is there any way out of this? Barrie replied to me on Twitter suggesting that the only answer is the banks going insolvent and I doubt that is ever going to happen. EZFKA is like the Hotel California in that you can never leave.