Re: Australia housing bubble
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As long as states spend serious money in the regions and have migrants only relocate there it would be a good thing.
If we've learnt anything during the pandemic employers want a 'lower class' of fit, young and desperate workers they can abuse on threat of deportation, and the gov wants more tax payers.
If business and governments want that then they also have to pay the bill of more land releases and services, better transport options etc. IE it's not free low paid workers, not free tax payers where they put the burden of mortgages or overpriced rent onto the individual to fatten the banks and have it all on credit/loans and housing always going up to protect property values. Businesses and governments have to start paying to play by starting to fix the situation by developing new satellite cities, developing existing major towns and transport etc. Stop putting huge costs or living and housing onto the people making it a ponzi scheme of 'price always go up' because debt levels become horrendous. Wage earners become slaves buried under debt for life, our kids/grandkids will have a much lower standard of living without being homeless, there's enough debt and problems in the near future as it is, who wants that?
Last edited by oldel; 16-11-2021 at 12:38 AM.
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