This increase in house prices is not a result of increased birth rate or immigration

Its market exuberance

It is rational? Is it irrational? www.investopedia.com/terms/i/irra...

Short-term property investing is driving housing unaffordability

As can be seen in the graph from AMP, property and affordability diverged around 2000 when capital gains tax was discounted by 50%

That's when the punters began to have a significantly distorting effect on the market

Let's be very clear

The reason that morgage holders are struggling with payments is not a 0.25 or even o.5% uptick in interest ...

... it's the massive size of the principle they need to borrow in order to secure a home at today's prices

www.theguardian.com/australia-ne...

There are two seductive narratives associated with housing unaffordability; supply and immigration

Neither are the root of the problem

These narratives persist as they underpin the real culprit; profiteering

While policy underwrites the risk, the deam of a home remains out of reach for the young

Why is housing unaffordable?

It's impossible to refute the evidence

For housing to be a successful investment prices must increase; that's hopw investors make a profit

Simple, really

The social construction of the "renter" "Investors are .... providing housing for renters" constructs the moral legitimacy of landlords, reinforcing the social construction that naturalises housing as an investment vehicle

How many renters would convert to owners if housing was affordable?

My neck is sore from reading Bluesky in an Android tablet

Portrait mode on a phone makes sense, but BlueSky on a tablet needs a landscape option. Come on BlueSky, how about it?