Keen is objective, I respect the man. So what if he got the timing wrong with this crash, there is always a lag effect. Type him up on Youtube. He has done a good youtube video, debunking the myth, population increases always creates higher housing prices. Niall Ferguson also looks at this in the Ascent of Money.. I guess no neo-classicist economist has look at high Household debt levels.. One way of another, get ready for a huge structural correction in the way we do business and how we think about Property.. Property is funded by Debt markets, and also financial risk.The lighting bolt is about to hit hard.. Nobody saw this high Australian dollar coming...
