Chapter 13 of "The Great Housing Hijack"

My Favorite Quotes

“My preferred method for monitoring the property cycle is to track the asset price equilibrium with a measure I call the Speculative Index. It is the ratio of the mortgage interest rate to the gross yield (or capitalization rate, being a year’s current gross rent divided by price) of housing.”

Find your favorite quotes. Book available at https://www.amazon.com/Great-Housing-Hijack-keeping-Australia/dp/176147085X