Boom Bust

Author: Fred Harrison

Stock information

General Fields

Price : $45.00 AUD
ISBN : 9780856832543
Publisher : Shepheard-Walwyn (Publishers) Ltd
Imprint : Shepheard-Walwyn (Publishers) Ltd
Contained items :
Weight (g) : 0.476
Publication date : December 2007
Dimensions : 234mm X 156mm X 22mm
Produced in : United Kingdom
RRP : 45.0
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Product Type : books

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color :
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Author : Fred Harrison
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Bind : Paperback
Edition : 2nd Revised edition
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Dewey classification : 338.542
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Library of Con LOCSH :
Pages : 288
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Illustrations : illustrations
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9780856832543

Description

Updated 2nd Edition In the two and a half years since the first edition appeared, events have unfolded as predicted. In 2005 the consensus among forecasters was that the boom in house prices would cool to an annual 2 or 3% rise over the following years. In fact, in keeping with the 'winner's curse' phase of the cycle described by the author, prices have risen by more than 10% per annum. The author reveals that the government's monetary policy only has a marginal impact on land speculation, but as the Bank of England raises interest rates to curb house price inflation, the main victim is the first-time buyer and the productive economy, especially small businesses. The only way to neutralise the boom bust cycle is through a reform of taxation, he claims.

Reviews

"As the frantic property market of last spring slumps into its current nervous state with falling prices, is it by chance that this crystal ball-gazing--so far--seems to be uncannily accurate, or does Harrison really know something we don't?" --"The Mail on Sunday"

Acknowledgement of country

The Bundjalung of Byron Bay Arakwal People have lived in the coastal landscape around Byron Bay for at least 22,000 years.We acknowledge and show respect for the original people on the land on which we are based. We respectfully acknowledge the ancient cultural presence in the Australian landscape by First Nation peoples and their ongoing traditional and spiritual custodianship of the marine areas, beaches, bush, rivers, lakes and mountains.