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As a millennial, I frequently find myself being told to stop complaining about housing affordability. It's all about working harder, saving more and, for goodness' sake, keeping off the avocado. As a young person, I'm concerned about using super, a system which was put aside for our economic welfare in retirement, as a savings account for instant gratification. The government is trying to solve the housing crisis not through direct action, but by encouraging young people into lifelong debt.
Even the International Monetary Fund recognises that the best way to grow an economy is to reduce the divide between rich and poor, ensuring that all people have a chance to participate in the social and economic life of a country. The Coalition government remains resolutely opposed to this growing body of evidence, continuing to rely on economic structures that entrench disadvantage, then blame the poor for their fate. The Budget provides tax cuts to the rich and service cuts to the rest.
Far from being demonised, people living rough on the streets should be respected and admired for their tenacity and inventiveness. This week a group of business and community leaders will seek to learn from the people who live in the guts of our greatest social problem.
If a 'fiscally responsible Budget' can increase spending on Australia's representatives in elite sports by $237 million, it is hard to imagine that there is not room somewhere for our unemployed to eat a little better.
It is not just Joe and Jo Suburbia that have a lot riding on real estate. Taking the heat out of house price inflation is extremely difficult, because the whole system is based on the expansion of credit and consumption that house price inflation allows.
More than 300,000 Jakarta residents were displaced following the floods in January. Preparedness for the next flood is compromised by the river dwellers' unlawful status, and the government’s desire to clear these slum areas from the riverbank.
Don Gazzard wonders about the state of Australian real-estate pricing
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