yes, you should all listen very carefully to Dr Steve Keen
he's a very accurate forecaster.
sold his house at the bottom of the GFC.
forecast:
40% property drops
20% unemployment
0% cash rate by 2010 (hello, its 2010 now)
best senario, worse than 90s recession, lasting twice as long...
worst senario, worse than 1930s depression.
top bloke.
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- let's bury the housing shortage myth