Econintersect: Consider that the pricing mechanism for real estate is broken. This is the subject of a recently released Australian 40 minute documentary – with contribution from Econintersect contributor Michael Hudson. This documentary was 5 years in the making.
According to Co-Directors Karl Fitzgerald and Gavin Emmanuel:
We investigate the inefficiencies of the economic system and the impact this has on potential homeowners and small businesses. The documentary argues that with a simpler tax system, entrepreneurs have a better chance to succeed and the average Australian has a better chance of owning their own home.
What role did real estate play in the crashing of the global economy?
source: Real Estate 4 Ransom