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Housing Bubble Week Epilogue: Not All Bubbles Are Created Equal - Vernon Smith
The Joe Walker Podcast
The Australian Housing Market
The cycles we've seen are regularly driven, except probably for the beginning of the second boom in 2012. It's difficult to predict the Australian housing market because it's not a closed system and people have long been predicting the end of the bubble. There's a pretty ironclad consensus in the Australian political and economic establishment that house prices should not fall substantially. So every time it looks like it's teetering, regulators and governments step in to resuscitate the housing bubble.
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