@hifiandmtb no, I gave up after his Irish Backpacker story
Some things I disagreed with:
Stating that house prices should be loaded into the CPI. A ridiculous statement, everybody's situation is different, not everyone buys a dwelling, the housing market is not homogeneous, cost of funds vary, amounts borrowed vary. How can you make and implement a policy decision on a metric that affects everyone when you throw this into the mix.
The RBA cut interest rates for the sole purpose of driving up property prices. Is he suggesting that Philip Lowe has manipulated interest rate policy to feather his own nest ? Coz that's kinda the next question, well either that or how did Simple Jack come to run the RBA.
My uneducated opine is that the rate cut won't do much for housing prices. If I can use a similar sampling process as the bloke in the video, thems with mortgages will use the extra dollars to pay down debt, those without mortgages eat bags of dicks, retirees on fixed incomes get an even smaller bag of dicks to eat, and my kids will focus on experiences and live for the now, moving around the world as and when they can.
A rate cut will impact affordability (if it gets passed on) but saying that the RBA cut rates with the sole purpose of fuelling a housing bubble ( love the emotion in these phrases, great to see an economist stay rational) indicates to me a strong bias or perhaps a conspiracy theorist.
But I didn't watch the whole thing, he was pissing me off, not by what he said but the way he was saying it, and I've got GMBN videos on learning to gap jump that I should be watching.
Edit: I do agree that right now sniping the cash rate right now ain't gonna grow the economy.