Our House-But Who's Rent

Guille, Howard (2003) Our House-But Who's Rent. In Bradley, Rebecca, Lyddon, Jeff, & Buys, Laurie (Eds.) Social Change in the 21st Century, 21 November 2003, QUT, Brisbane.


Some views on Housing Average pay won’t buy standard home1. Strategic home investment can generate more wealth than could possibly be earned through employment2. A bad end to the boom would mark the failure of the separation between monetary policy and prudential regulation introduced after the report of the Wallis committee. The whole program of financial deregulation would be called into question3. So we know that the present housing boom in Australia will - almost certainly - be followed by a housing bust. After that bust, the smart league - including most of the banks - will soldier on with their pockets stuffed but many, especially in the middle-income and poorer brigade, will be in thrall to the banks through crippling mortgage payments for years to come4.

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ID Code: 121
Item Type: Conference Paper
Refereed: Yes
Keywords: Housing investment, Financial deregulation, Debt
ISBN: 0646431056
Subjects: Australian and New Zealand Standard Research Classification > ECONOMICS (140000) > APPLIED ECONOMICS (140200) > Public Economics- Public Choice (140213)
Australian and New Zealand Standard Research Classification > ECONOMICS (140000) > Economic Theory (140100) > Macroeconomic Theory (140102)
Australian and New Zealand Standard Research Classification > ECONOMICS (140000) > APPLIED ECONOMICS (140200) > Welfare Economics (140219)
Divisions: Current > Research Centres > Centre for Social Change Research
Past > QUT Faculties & Divisions > QUT Carseldine - Humanities & Human Services
Copyright Owner: Copyright 2003 Howard Guille
Deposited On: 10 Jun 2004 00:00
Last Modified: 09 Jun 2010 12:21

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