Amazes me we have housing shortagein countries with unlimited buildable land.
Here is a taste of the rental crisis #AUStriches are facing.
Aus used to have a ton of backpackers come through on working holiday visas. They would work in cafes and pubs and work manual labour jobs; and have to spend time out in the regions typically doing farm work for a second year on their visa.
Now these people can’t get anywhere to live when they come here, there are not enough houses available and the prices are sky high already. We will lose access to this cheap labour soon enough which will mean more Indian students and Asians to plug those gaps as only they are willing to live 10 to a house and make peanuts.
None of this is sustainable, it won’t take much for it all to crumble. https://v.nostr.build/vqy7.mp4 nostr:note1hyunwlz08l3eufl5ae2d0ng2epzjku2lrhxys6kyunr6zjscdddskv76v8
Discussion
Australia has 3 levels of government propping up the Ponzi. Local Govs are all NIMBYs who restrict development, States restrict the land, Feds tax the shit out of them and impose the fiat ponzi such that only real estate outpaces inflation.
nostr:note1r23jyazlsx7ehjjlz525cz6fycr6yu5hu7klevzppapusytpvd2qvvrmj6