Marko Matvikov
@MMatvikov
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Analyst and commentator. Engineer by qualification, builder and developer by aspiration. Following news, politics and MMA.
Melbourne, Victoria
Joined December 2024
RT @cmkusher: Not sure why the MSM bemoans not enough housing is being built but then hardly even talks about why that is the case. 1/ http…
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Agree with this - but high development finance costs and reduced buyer borrowing capacity during tightening cycles isn’t the only cause of building slowing, it’s the cost and time of building itself that’s made it broadly unfeasible now to deliver affordable stock. This also underpins prices of existing stock.
@AlanKohler the critical part of housing market analysis that economists fail to consider is the cost. It's frustrating, to be honest. Imagine a car market where new cars are always getting more expensive than existing ones. People still need cars, and for those that can't afford new ones, they turn to the used car market - which are comparatively good value, which then pushes those prices up. This is caused by government policies, regulations and taxes. An imbalance between supply and demand inflates the underlying value, but that's not the main driver of high house prices. Why is the housing market different to the car market? Because with cars we can outsource our manufacturing to other countries, but with housing we need to sort out the cost of production domestically.
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@cmkusher This is exactly right mate. Underlying values will always increase as new house prices increase as long there’s a relative shortage - which is then just exacerbated when we don’t keep up with supply.
@AlanKohler the critical part of housing market analysis that economists fail to consider is the cost. It's frustrating, to be honest. Imagine a car market where new cars are always getting more expensive than existing ones. People still need cars, and for those that can't afford new ones, they turn to the used car market - which are comparatively good value, which then pushes those prices up. This is caused by government policies, regulations and taxes. An imbalance between supply and demand inflates the underlying value, but that's not the main driver of high house prices. Why is the housing market different to the car market? Because with cars we can outsource our manufacturing to other countries, but with housing we need to sort out the cost of production domestically.
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RT @MMatvikov: @TheKouk @TheKouk you know it doesn’t because the RBA runs off actual data, not forecasts. You’ll say anything to get some…
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@TheKouk you know it doesn’t because the RBA runs off actual data, not forecasts. You’ll say anything to get some relief from the RBA so you can gloss over your mate’s dismal economic performance. And you may get your way - rather than the government actually address supply constraints and reduce immigration during the tightening cycle to bring inflation down sooner, they’ve let the problems fester. The government has simply been more stubborn than the RBA and people have been squeezed in the middle. Now savings have been depleted and lifestyles decimated. If they do lower rates a little, people who’ve been barely holding on will still need to sell their houses. Many won’t recover for many years as is. And because those constraints are still in the system, we’ll cop high rates for longer. The last 12-18 months has been a mass wealth transfer to corporations and the already-wealthy.
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@Timmy12347373 @SpachusAus @Ag42530382A I see that now and to be fair I did miss it lol. Just goes to show it’s actually a common type of response from people who don’t get it.
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He surrounds himself by talented migrants and staunchly defended them against actual racists in the H1-B Visa debate. Anything can be taken out of context and anybody with as much media coverage as him could be made to look like a racist. Without knocking back every cherry picked, out of context example you may claim is smoking gun evidence to support your narrative, just watch a bunch of long form interviews with him.
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@Ag42530382A @KlausEpstein666 @AlanKohler And they take longer to build. More rules, more time, more costs, less quality.
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@trandel I reckon we’d have better luck getting independence on infrastructure projects than transparency if they continue to be partisan. Agree with the sentiment though - I’d take any improvement to the current waste.
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RT @MMatvikov: @sallymcmanus @sallymcmanus this is pretty funny. There’s low and then there’s just observational.
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@sallymcmanus @sallymcmanus this is pretty funny. There’s low and then there’s just observational.
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RT @AvidCommentator: I must say it's really something seeing folks do a victory lap on the Aussie economy. At pre-Covid (5 year average) r…
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RT @MMatvikov: @JacintaAllanMP @JacintaAllanMP you’re right - it’s also a wealth transfer to unions.
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@blowingtom2 @ellensandell And if it wasn’t that, then it’d be that 12 year olds don’t get to vote.
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Taking tax changes to an election is right. But raising taxes without doing so is an admission of failure to balance the budget. And spending without the intent to balance the budget is either incompetence or contempt for the taxpayer.
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