Cameron Murray
@DrCameronMurray
Chief Economist at Fresh Economic Thinking. Corruption and property market specialist.
Interested in housing markets and policy? My book, The Great Housing Hijack, is available to pre-order (out 27th Feb) It makes sense of the economic and political forces in property, debunks myths that hijack debates and offers workable policy options fresheconomicthinking.com/p/the-great-ho…
Should the family home be included in the age pension asset test*? *already is to a limited extent.
New progressive superannuation tax generates $11b in revenue but leaves 90% of retirees with a higher balance. cms.vinnies.org.au/media/adsjxwg5…
So many sob stories about superannuation and the proposal to tax gains on balances over $3m Here’s a guy who put a second farm in his super to minimise tax complaining that he might have to take it out of his super. Okay. And? apple.news/AJxgWsclfRn6wY…
It might be a strange take, but I reckon that you can be critical of government actions and spending without making stuff up
A question I have asked before "Why are we pretending that AI is going to take all the jobs?" thebignewsletter.com/p/why-are-we-p…
40yrs of privatisations & increasing returns to capital, & somehow that's "socialism'.
1953 version of the Bank of Mum and Dad
Parent, Child, Homebuying: "...nearly every single one of my first time homebuyers are getting down payment assistance/gift money from their parents or grandparents." - @fieldsfamwines Since ancient times, this has been the case.
What do people make of mortgage for purchase applications going up even as prices are softening?
Will national home prices fall, y/y? Months of sales is the metric to watch. 5.0 months of sales is the level that correlates with softer prices 9 months down the road. Today, NAR reported a slight increase, to 4.7.
Home inventory is on the precipice of a really important threshold. A few more months of rising inventory and we should start to see home prices falling. Here's why I can say this with a reasonable degree of confidence... Most people in the industry use “six months of…
The new data is in: Divorce probabilities for couples who married more recently start out much lower. Estimates from Yifeng Wan @UVA: ifstudies.org/blog/no-longer…
Nearly 80% of married college-educated women in the U.S. can expect their marriages to last 20+ years. As divorce rates decline, that number may rise even further. @FamStudies: ifstudies.org/blog/the-us-di…
Does anyone read sources? I think everyone has heard this today: "More than half of voters now rely on governments for most of their income, through public-sector wages, welfare benefits or subsidies according to a new report by the Centre for Independent Studies, a…
Inquiring minds want to know if landlords with tenants getting rent assistance are counted in this percentage.
There was an enormous COVID panic policy effect on marriages and relationships. New ABS data shows about 60,000 "missing marriages" and about 6,000 extra divorces in 2020-21. Huge effects on non-marriage relationships amongst the youth are also likely. Any studies on this?
My favourite example of how cashflow stabilisation policies are really desirable is the fact that we "rent stabilise" taxes of landlords by calculating the taxable land value to be the lower of 1. the 3-year average land value, or 2. this year's land value. Landlords hate…
A brilliant article on rent control. I've attached a couple of interesting snippets. Rent control won't destroy your city, and most appeals to the "evidence" are just misrepresentations or one-sided assessments. What do you all think? currentaffairs.org/news/rent-cont…