2min chapter

The Joe Walker Podcast cover image

Markets And The Madness Of Crowds - Robert Shiller

The Joe Walker Podcast

CHAPTER

What's the Turning Point?

Housing narratives can grow slowly over years and then eventually become dominant. Australia is in many ways similar to the United States. In fact, the trends in house prices that you gave sound similar to the US. You said from 2012 to 2017. Yes. Well, the US housing market was doing exactly the same going up rapidly from, what's special about 2012?

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