Demand for homes in Australia is greater thatsupply due to high...

Demand for homes in Australia is greater that
supply due to high State and Territory taxes
deterring developers. Demand for houses in
Sydney is expected outstrip supply by
50,000 during 2013. Being unable to
buy, more people will be forced to
rent, which pushes up rents.

America has the reverse problem from a
hangover of Boom-Bust homes on the US
Market - plus widespread GFC poverty.
Some 48 million American paupers get
Food Stamps to prevent food riots.

But despite a recession, London house and unit
prices keep rising as London is seen as a safe
haven in the debt-stressed Euro Zone. I was in
London in January. Near the end of this video
we visit Browns Hotel. At High Tea is news
about sky-high Battersea Unit prices. No
recession in quality London properties.
There is an error in the video. I say
that Alexander Graham Bell made the
first telephone call (in history)
from Browns Hotel in 1922. That's
when Bell died. The first call
was made by Bell in 1876: