this post was submitted on 16 Jan 2024
10 points (100.0% liked)

Australian News

548 readers
14 users here now

A place to share and discuss news relating to Australia and Australians.

Rules
  1. Follow the aussie.zone rules
  2. Keep discussions civil and respectful
  3. Exclude profanity from post titles
  4. Exclude excessive profanity from comments
  5. Satire is allowed, however post titles must be prefixed with [satire]
Recommended and Related Communities

Be sure to check out and subscribe to our related communities on aussie.zone:

Plus other communities for sport and major cities.

https://aussie.zone/communities

Banner: ABC

founded 1 year ago
MODERATORS
[email protected]
[email protected]
[email protected]
10
Rents highlight Australia's economic Achilles heel, but it's not what you might think (www.abc.net.au)
submitted 10 months ago by [email protected] to c/[email protected]
1 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 5 points 10 months ago* (last edited 10 months ago)

It's great for the banks that lend the money, the real estate agents and state governments who take their cut from the transactions [...]

This part towards the end succinctly sums it up. With those interests in mind, it's little wonder why we're in this mess, and why it will be so difficult to get out of it.