hi jim the point about the faber article is that he is only looking ,without much analysis , at a small amount of available information. recent speeches from the rba on house prices have given detailed analysis of supply and demand, the amount of leverage by different demographics and commented on the conservative lending pactices of australian banks and while clearly stating we are not in a housing bubble there has been significant discussion about the dangers which could arise through continued sharp increases in house prices and increasing household debt. thats why i posted on your origonal article---i must however apologise because in a later post i referred to some posts as drivel and i was not referring to your origonal post.
