australian houses 'world's least affordable', page-15

Well Australia's private debt certainly ain't conservative by any stretch of the imagination. And that debt relies on foreign funding. And that funding relies on a govt guarentee.

It's all relative isn't it.

In effect, what your bloke is saying Warnie is that Australia's economy is better than Japan's, the UK's and the US's. Blink, blink: Is that an outright endorsement or just a comparison with basket cases?

Interesting bit in today's The Australian on pg4 that basically says Australia has 2 million too many homes and that high prices cannot be blamed on a lack of housing stock.

But I know that established property investors care nought about supply and demand.

- pug