Christobootswiththepher

Great points. I can't see number 1 bring over the boomers anytime soon. I concur with point number two. But I will be long in the tooth by the time this comes to fruition. Moving to a country that has sensible housing policies side steps the whole issue for me. I understand this isn't an option for everyone, and feel for them being trapped somewhat.

From an ABC article today.

"Independent property economist Cameron Kusher argues there needs to be a "paradigm shift" in the way Australians view housing, "away from one in which you build wealth from buying and holding residential property to one in which it is seen as essential shelter".

Some salient input there, thanks. I read the white paper and thought it needs to be more widely known and talked about. I don't have any great ideas for how the medicine should be taken now. I think it should have been addressed a long time ago. Cats out of the bag now. Ive decided it's not my monkey, not my circus. I run a (R&D) business and my solution is to simply move to a country like Japan and side step a 30+ year death pledge.

It is interesting to see how different countries use housing to prop up their economies. It seems to be short term gain, long term pain policy or what I've heard to as car crash economics.

Other nations seem to be putting their efforts into advancing technology. I think that gives a short term pain but real long term gain.

"Increasing government debt is a transfer from future generations to current ones, exacerbating the intergenerational imbalance documented in this paper."

To me it mirrors the South Park episode where previous generations made a deal with Man bear pig (climate change) to help themselves, at the peril of future generations.

Wow, awesome resources yo. I had a quick read and they are presented simply. But with such a large body of work! Way to go Western Australia.

Oh dang! Yellow, sir. I see what you did there, but in almond.

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?

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.

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.

The only way for wages to rise is through innovation. I have a R&D company. I can't see any other way

Everything's computer!

I'm not sure where you get you're expectations of scientists, but it appears to me to be a faulty expectation. Peace and love ❤️