I suggest we also remember that prices are only half the story, wages have stayed flat for 50 years. Our wages have 1/3 the buying power of 50 years ago.
Join a union
this post was submitted on 29 Apr 2025
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Absolutely.
The populaces awareness of inflation taxation is what drives part of the cryptocurrecy fever. People have grown impatient again at being fucked over by banking policies.
Join a protest.
Penny auctions anyone?
It's also important to remember that Dutton (and, admittedly, every other rich fucker in parliament), who owns 26 houses have zero interest in lowering house prices.
How the hell are wages going to rise though. Everthing I see points to continued stagnation.
UNIONS
The only way for wages to rise is through innovation. I have a R&D company. I can't see any other way
I see it as more of a demand and supply issues. I'm an engineer and all my unpaid overtime over the last few years never resulted in an adequate pay increase because too many qualified people want my job, despite the value it added the company, which leading the market in a competitive new technology. The bargaining power isn't there.
I see it as a supply and demand issue, too.
Supply of humans is so high that it has eroded bargaining power. Add in immigration and it is known that this has suppressed wage growth. Hence why I think in the 30s and beyond will be wild. The supply of humans will be reversed as global fertility trends continue. The WHO forecasted stat's on world population from 2050-2100, and beyond, shows a decrease. If this plays out houses are going to be cheap as chips through this period, and all the 'real estate empires' will lose their shirt.
The way back to affordability is 10-20 years of marginal house price growth, to enable housing to come into line with long term trends. Fluctuations that are radical pose radical problems for politics. So they opt for the sustained. This is what I think Australia's (and others) future housing comes down to the (continued) debasement of currency through broad (stealth) taxation.
Is this what you support or this you're description of current policy?
I suspect voting preferences will swing around the late 30s quite bad :-/
Pardon?
That is my read of the current policies. And political mechanics (no matter which party).
If home ownership continues to drop at current rates, by 2030s there will be a majority of non-home-owner voters, who will swing the political sphere, as home owners have been doing.