Subject: Surf to turf: housing affordability collapses everywhere

⚡️ Highlights:

1. The affordability of owning a home in Australia has become a total social disaster, with youth facing challenges in achieving this goal regardless of where they live in the country.
2. Wages for Australian youth are not increasing, social services are deteriorating, and accommodation is becoming a privilege rather than a right.
3. The economy is heavily reliant on immigration and housing, leading to monetary easing and rising prices in response to any market downturns.
4. People cannot simply relocate to more affordable markets when priced out of expensive housing, as affordability issues spread to other areas as demand increases.
5. The ongoing class war on youth through housing affordability challenges undermines social cohesion in Australia, with no solid foundation for building a united society.

✍️ David Llewellyn-Smith | Full Article

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