this post was submitted on 28 Aug 2023
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[–] [email protected] 20 points 1 year ago (1 children)

thanks Labor

Both major parties have been keeping the bubble going since the mid-90 and they keep doing it because it is a vote winner.

[–] [email protected] 10 points 1 year ago (1 children)

The wealth of so many Australians is tethered to property ownership that to threaten housing prices is to basically ask to lose an election.

[–] [email protected] 7 points 1 year ago (1 children)

Only while there are more home owners than renters voting. But with the population being 2/3 owners (half with a mortgage) and 1/3 renters that will not change for a long while.

[–] [email protected] 2 points 1 year ago

Not quite accurate: not every homeowner wants this goddamn insanity to continue.