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Housing Bubble Week Epilogue: Not All Bubbles Are Created Equal - Vernon Smith
The Joe Walker Podcast
The Volatility of Australia's Housing Bubble
Vernon: It looks to me like the volatility of your markets there are much greater than in the United States. And equity never moving enough to really swamp the income flows that are being generated year in and year out. So it just seems, what strikes me is that it's, there must be some stop and go,. I would think, you see, I don't keep up with the changes in policy. But it sounds to me like that there is interventions that are over... That's gilting the system.
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