if we’re being honest, is that not what the housing market has become – little more than a racket to grift money out of those unlucky schmucks not already in on the game? Or more accurately, a cartel.
Source: Australian housing is a cartel, and it’s time to break it up | The Shot
Allowing people to raid their super to buy overpriced homes is more proof the system is rigged to favour profit gougers.
Source: Raiding superannuation: Housing, the debt trap and parasitic capitalism
Consumer confidence in the Australian housing market has collapsed to its lowest level in 27 years, with the proportion of Australians believing real estate was the wisest place to put savings falling to below 12 per cent, the lowest level since 1974.
Source: Confidence in housing collapses to lowest level in 40 years: survey
olddogthoughts 