Importing immigrants in large numbers who dont have the skills or the willingness to upskill...while depending on the handouts has resulted in more freeloaders wanting to settle in the developed countries. There has to be close correlation between unskilled wellfare dependent immigrants and the soaring costs that the rest of the actual tax payers have to bear to keep the countries afloat.
I been Sydney 12 years ago…as a student.. and it’s almost killed me🙂. .. semester fee every time 7000 dollars .. 3/4 times yearly/ Red pass 35.. dollars per week/ rent 800..+ …per week … a small coffee 3/3.5 dollars…now I can imagine what’s going through…
Consume valuable land.... Like there isnt enough land to build houses on? Its a joke.... We have the land and the means. But people with more power to have keep scarcity...
And we aren't able to put certain properties on land, that can be used as second dwellings.. completely takes some of us out of the options to own anything..
I visited Australia for the Olympics. I loved the country, landscape and people. The pandemic opened my eyes to the government they have. No thanks, authoritarian state. I would love to live there but no thanks. So sad.
Correction..."At the heart of the crisis is the core concept of consumable workers. Western capitalism has become reliant on consuming workers while simultaneously providing substandard welfare. This means new workers are required to offset the decreased productivity of the "consumed" work force that can no longer provide suitable productivity. Due to the likely cost of welfare exceeding the productivity of this group the system is unstable and so will require external input to maintain output." The housing crisis is a symptom of the system and although does provide a feedback loop, is unlikely and will nearly always be unlikely to provide any sustainable benefit without major government intervention, that will likely just create another unstable system that declines and becomes a net cost later. Put bluntly we should have invested in high productivity technology in the 80s onwards, we didn't we exploited the developing worlds work force instead.
@@Slamthedoor204as you seem active. I think you should look at the Anglosphere countries. Excluding the USA (which is a defacto pump and dump for the election right now) all the English speaking countries are having the same march towards ever increasing inequality. Find the common thread, you'll have a good video mate.
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The Reserve Bank of Australia's prolonged low interest & fiat currency creation + Govt spending are also to blame.l
sad to see
You mean they never fixed 08? Except lower rates and use QE to keep the system afloat to bail out the top bankers/system?
Importing immigrants in large numbers who dont have the skills or the willingness to upskill...while depending on the handouts has resulted in more freeloaders wanting to settle in the developed countries.
There has to be close correlation between unskilled wellfare dependent immigrants and the soaring costs that the rest of the actual tax payers have to bear to keep the countries afloat.
👍
Im sure we can drop rates back to 0.1% and use QE/stimulus to fix this problem while increasing immigration.
maybe
I been Sydney 12 years ago…as a student.. and it’s almost killed me🙂. .. semester fee every time 7000 dollars .. 3/4 times yearly/ Red pass 35.. dollars per week/ rent 800..+ …per week … a small coffee 3/3.5 dollars…now I can imagine what’s going through…
insane
Consume valuable land.... Like there isnt enough land to build houses on? Its a joke.... We have the land and the means. But people with more power to have keep scarcity...
yep
Why do you call them people they are our lords. And we are there serfs
And we aren't able to put certain properties on land, that can be used as second dwellings.. completely takes some of us out of the options to own anything..
The government wants to keep you poor..
Living in Australia is a never-ending financial nightmare, any little thing costs an arm and a leg.
true
I visited Australia for the Olympics. I loved the country, landscape and people. The pandemic opened my eyes to the government they have. No thanks, authoritarian state.
I would love to live there but no thanks. So sad.
Winter is coming to every Western country
cold
Correction..."At the heart of the crisis is the core concept of consumable workers. Western capitalism has become reliant on consuming workers while simultaneously providing substandard welfare. This means new workers are required to offset the decreased productivity of the "consumed" work force that can no longer provide suitable productivity. Due to the likely cost of welfare exceeding the productivity of this group the system is unstable and so will require external input to maintain output." The housing crisis is a symptom of the system and although does provide a feedback loop, is unlikely and will nearly always be unlikely to provide any sustainable benefit without major government intervention, that will likely just create another unstable system that declines and becomes a net cost later. Put bluntly we should have invested in high productivity technology in the 80s onwards, we didn't we exploited the developing worlds work force instead.
yes sir
franchise own 90% businesses the not wealthy
@@Slamthedoor204as you seem active. I think you should look at the Anglosphere countries. Excluding the USA (which is a defacto pump and dump for the election right now) all the English speaking countries are having the same march towards ever increasing inequality. Find the common thread, you'll have a good video mate.
@@3d1e00 thank you for your suggestion
I would love to find a house within 20 kilometres of Sydney CBD at $1 million, you're looking at closer to $2 million.
oh wow
West sydney not hills district 20km out
@@coopsnz1 No freestanding house in Parramatta for less than 1 million pal. Penrith maybe but thats 40kms out of the CBD
It can't be that hard to buy a house outside sydney ??
it is
If you have Sydney wages and can teleport to and from your country home yeh no problem...
$10 for 5 cucumbers.
joke
Is the true ?
which?
The Kangaroos are to blame !
😁
You will own nothing and be happy
not the ideal plan
The dream is over for young generations. Older generations who bought homes early are set.
sad to see
high taxes the problem 125 taxes , even adeliade expensive
yes
gen z vote for more taxes on midde class & upper class the screwing themselves
👍