FET (old posts)

New ideas and analysis by Dr Cameron K. Murray

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Monday, November 30, 2020

The sale price of housing is not its economic price

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The sale price of homes is not the economic price of housing. Prices, in the economic sense, are the relative cost of consuming newly-produc...
3 comments:
Wednesday, November 11, 2020

Why does land have a positive value?

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Modern housing economists, following in the footsteps of Ed Glaeser, seem to think that the market price of land should be zero. Land only h...
8 comments:
Wednesday, October 14, 2020

If a politician says they want affordable homes, they are lying

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First published at Sydney Business Insights . What chance does a political party promising to radically reduce home prices to improve afford...
Tuesday, September 15, 2020

Low interest rates will boost home prices, as designed

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Interest rates are the main story for home prices in Australia. With our deregulated banking system, all demand for mortgages can be satisfi...
1 comment:
Friday, September 11, 2020

Superannuation fees to rocket

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These comments were reported in The Australian on 10 Sept 2020 . _____________________________ At the current 9.5% compulsory contribution r...
2 comments:
Tuesday, September 1, 2020

A housing supply absorption rate equation

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You are a housing developer with a large plot of land on the fringes of a major city with no planning constraints. How quickly should you se...
3 comments:
Wednesday, August 19, 2020

Will removing planning controls crash the housing market?

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Recent Twitter exchanges have helped me to understand a couple of additional confusions in the housing supply debates. Let me take them one ...
5 comments:
Sunday, August 16, 2020

Sam Bowman's 9-points on housing supply

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Sam Bowman thinks that a lack of supply is the primary reason for high home prices. I just released a podcast  with Ian Mulheirn going into...
2 comments:
Sunday, August 9, 2020

Are NIMBYs financially motivated or are property developers?

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A puzzle came via twitter following the crazy story of RBA research claiming that if you remove planning controls, apartment prices will fal...
5 comments:
Thursday, July 30, 2020

NSW Federal Financial Relations submission

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Read my full submission here . The NSW government has been conducting a review of taxes and federal financial relations. One of the main pr...
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