There goes the neighbourhood | Steve Keen’s Debtwatch<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Housing credit increased by 0.5 per cent over September (see the RBA Release for details), but this involved a further deceleration of mortgage debt….. ….The most recent figures\u2014that prices fell 1.2% over the June to September 2011 quarter, and 2.2% from September 2010 to September 2011 (see the ABS Release for details)\u2014confirm that mortgage debt … <\/p>\n
Continue reading “There goes the neighbourhood | Steve Keen’s Debtwatch”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40],"tags":[381,1401,1732,1738,2371],"class_list":["post-1712","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","tag-banks","tag-first-home-buyers-subsidy","tag-housing","tag-housing-debt","tag-mortgage-debt"],"yoast_head":"\nThere goes the neighbourhood | Steve Keen's Debtwatch - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"There goes the neighbourhood | Steve Keen's Debtwatch - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Housing credit increased by 0.5 per cent over September (see the RBA Release for details), but this involved a further deceleration of mortgage debt….. ….The most recent figures\u2014that prices fell 1.2% over the June to September 2011 quarter, and 2.2% from September 2010 to September 2011 (see the ABS Release for details)\u2014confirm that mortgage debt … Continue reading "There goes the neighbourhood | Steve Keen’s Debtwatch"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/01\/there-goes-the-neighbourhood-steve-keens-debtwatch\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:published_time\" content=\"2011-11-02T01:34:00+00:00\" \/>\n<meta name=\"author\" content=\"ColinTwiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ColinTwiggs\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/01\/there-goes-the-neighbourhood-steve-keens-debtwatch\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/01\/there-goes-the-neighbourhood-steve-keens-debtwatch\/\"},\"author\":{\"name\":\"ColinTwiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5\"},\"headline\":\"There goes the neighbourhood | Steve Keen’s Debtwatch\",\"datePublished\":\"2011-11-02T01:34:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/01\/there-goes-the-neighbourhood-steve-keens-debtwatch\/\"},\"wordCount\":79,\"commentCount\":2,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"keywords\":[\"banks\",\"First Home Buyers subsidy\",\"housing\",\"housing debt\",\"mortgage debt\"],\"articleSection\":[\"Australia & NZ\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/01\/there-goes-the-neighbourhood-steve-keens-debtwatch\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/01\/there-goes-the-neighbourhood-steve-keens-debtwatch\/\",\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/01\/there-goes-the-neighbourhood-steve-keens-debtwatch\/\",\"name\":\"There goes the neighbourhood | Steve Keen's Debtwatch - the patient investor\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#website\"},\"datePublished\":\"2011-11-02T01:34:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/01\/there-goes-the-neighbourhood-steve-keens-debtwatch\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/01\/there-goes-the-neighbourhood-steve-keens-debtwatch\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/01\/there-goes-the-neighbourhood-steve-keens-debtwatch\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thepatientinvestor.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"There goes the neighbourhood | Steve Keen’s Debtwatch\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thepatientinvestor.com\/#website\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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But he was wrong for the right reasons.... the Australian financial system, based on highly-levered mortgages, is a house of cards. It was only rescued post-GFC by massive stimulus\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/img.youtube.com\/vi\/W_lcbjxna74\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":20916,"url":"https:\/\/thepatientinvestor.com\/index.php\/2020\/07\/08\/australia-mortgage-cliff-extended-to-christmas\/","url_meta":{"origin":1712,"position":1},"title":"Australia: Mortgage cliff extended to Christmas","author":"Colin Twiggs","date":"July 8, 2020","format":false,"excerpt":"Clancy Yeates writes at The Age that mortgage-holders who face a \"financial cliff\" in September, when the deferred payment holiday ends, may be granted an additional four months if circumstances warrant: The banks have this year allowed customers to defer their mortgage payments for six months as a result of\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1680,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/31\/nothings-changed-steve-keens-debtwatch-2009\/","url_meta":{"origin":1712,"position":2},"title":"Nothing’s changed – Steve Keen’s Debtwatch (2009)","author":"ColinTwiggs","date":"October 31, 2011","format":false,"excerpt":"In fact \u201cnormal\u201d for the last half century has been an unsustainable growth in debt, which has finally reached an apogee from which it will fall. As it falls\u2013by an unwillingness to lend by bankers and to borrow by businesses and households, by deliberate debt reductions, by default and bankruptcy\u2013aggregate\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9323,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/03\/deflating-australias-land-bubble\/","url_meta":{"origin":1712,"position":3},"title":"Deflating Australia\u2019s land bubble","author":"ColinTwiggs","date":"March 3, 2014","format":false,"excerpt":"Great post by Leith van Onselen Reproduced with kind permission from Macrobusiness.com.au. Prosper Australia has provided a submission to the Senate Inquiry into Housing Affordability, which is well worth a look. The submission first provides nine metrics illustrating Australia\u2019s residential property bubble, which include the following: It took forty years\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"ScreenHunter_18 Jul. 05 10.22","src":"https:\/\/i0.wp.com\/www.macrobusiness.com.au\/wp-content\/uploads\/2014\/03\/ScreenHunter_18-Jul.-05-10.22-200x200.gif?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":15132,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/04\/09\/why-we-need-to-worry-about-the-level-of-australian-household-debt\/","url_meta":{"origin":1712,"position":4},"title":"Why we need to worry about the level of Australian household debt","author":"ColinTwiggs","date":"April 9, 2017","format":false,"excerpt":"From Elizabeth Knight: The balance sheets of Australian households with a mortgage are dangerously exposed to any fall in house prices. It isn't just that household debt relative to disposable incomes has reached a record high of 189 per cent, it's that households' ability to service that debt is potentially\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15280,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/05\/14\/rba-stuck\/","url_meta":{"origin":1712,"position":5},"title":"RBA stuck","author":"ColinTwiggs","date":"May 14, 2017","format":false,"excerpt":"Great slide from the NAB budget presentation: The RBA is in a cleft stick: Raising interest rates would increase mortgage stress and threaten stability of the banking system. Lowering interest rates would aggravate the housing bubble, creating a bigger threat in years to come. The underlying problem is record high\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/1712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=1712"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/1712\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=1712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=1712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=1712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}