keens contribution to next property boom

Thanks to the endless publicity and papers written about the last property boom bubble , the majority of follow the herd lest you get derided academics, all scared to be different, have been parrotting on about affordability, the naiive young inexperienced journos and student groupies have been singing on about the impending bubble burst and the need to deflate prices, so much so that our inept RBA has been paying inordinate attention to this to the point that rates have been kept artificially high, our dollar jacked up and here we stand at the cusp of an artificially induced resurgence of property because manufacturing, retail and tourism have been hammered because of the resultant high dollar.The need to get it down now has to be at the price of lower rates and its resultant stimulus which the RBA has no power over and which all levels of govt will embrace because it will yet again generate some lovely tax dollars.

Keen would have been a lot smarter, as would his cohorts, to push for a levelling out over time rather than the dramatic bs pumped out. Any one in real estate for a while will tell you of the need to avoid the boom and bust talk and all Keen has done is perpetuate this cycle, in fact accentuate it. He will go down in history as a contributor to the next boom. cycle.