And This Is How Central-Planning Broke Housing

Jon Alternative Media, Blogosphere, Economy, Real Estate

First, they broke the capital markets. Then, the money-printing central-planners broke the housing market too. Here, in under 200 words, is a real-life case study of just how they did that.
The surge in home prices across Sydney has come even as the supply of properties for sale expanded, according to RP Data Pty. About 70 percent of homes that go to auction each week are sold, the researcher said in a Nov. 3 statement.
The boom, coming amid weakness in other parts of Australia’s economy, poses a quandary for the central bank.

This post was published at Zero Hedge on 11/13/2014.