Bargain hunting as house prices tumble in Australia, preparing for black swans in China and Sweden’s turn to the right

1 - More downside prices for Australia's housing market
The Australian housing market is in the "bargain hunting" mode now. And that could add to downside losses.

If you recall, the FT did a piece on the falling market, citing people balking at paying high prices, that I took issue with. You need a catalyst for these things to happen. And once the market starts to fall, that's when people balk at prices. The psychology of rising prices, where people scramble to buy before prices go even higher is turned on its head. As prices fall, people start waiting for prices to fall even further.

Here's the South China Morning Post:
Rhi, who lives in the Illawarra region of New South Wales, south of Sydney, works in construction. She says she plans on biding her time and “snapping up...


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