/biz/ - Business & Finance

>>58450502
There are many things that could be done, but 2/3rds of people here own property in some shape or form and none of them are willing to see the value of their “investment” deteriorate. So understandably any policy aimed at deflating overpriced housing or even taking the wind out of its sails somewhat and giving wage earners a chance to catch up would be deeply unpopular. Whichever political party does hold power at the time that this house of cards does topple might not see government for decades, they’d endure generational damage to reputation for “destroying the wealth of Australians”.

I think for now the game for Aussies is - if you can’t beat ‘em, join ‘em. We have a government that is so hell bent on keeping property values inflated that it’s effectively a government backed and insured investment scheme where you’re guaranteed not to lose (remember when COVID happened and they were debating “Homekeeper” where if you couldn’t afford your mortgage payments due to losing a job or industry downturn, the government would aid with your payments and take an equity stake in your house?). If you can afford to get into real estate in any way, you’d be silly not to.

Ultimately I think prosperity for those not already secure with housing is going to dwindle in Aus. Skilled people should be looking abroad for better opportunities, and people in Sydney or Melbourne need to consider upskilling for a different career which will allow them to find gainful employment in a smaller city. We’re about five years behind Canada and the locals are not doing well there.

>>57322147
>dick size weighted by 0.75
>height weighted by 0.25
Should be the other way around.

>>56783560
>be Ausfag
>work more hours than Euros
>earn less money than Americans and most Euros
>property and housing more expensive in real terms than either the USA or Europe
Absolute shitshow of a country, honestly. Why third worlders are choosing to come here over the countless better alternatives is beyond me, to say the very least.

>>51565724
More reason why I feel POS was a centralisation attempt to sell out ETH, the only real crypto is BTC

>>51464538
BTC, ETH, some LINK.
>inb4 you’re a jeet trying to shill shitcoins

>>6024461
>ZCL will be worth $1500 before fork
>BTCP will orbit at around $2500