Happy days are here again, huh?
(1:15m)Kerry O'Brien: Will the value of my home start going up again? What is going to happen to the housing market now, particularly with the assumption that we're going to see more interest rate cuts?
Prof Steven Keen: Well I think for a while, people will do the calculations and think "oh boy happy days are here again", on to the next housing bubble, but the reality is ... that the only long term direction for prices is down.
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