The Forum > General Discussion > Unsustainable pressure on the housing market follow Natural disasters:
Unsustainable pressure on the housing market follow Natural disasters:
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Three basic and primary responsibilities of a Government are, to ensure the necessary social structure is in place and working to achieve for its citizens;
1, Food
2,housing
3,employment.
I don’t suggest, I say outright, any Government failing on any of the three key points is ineffectual and must go.
So the main element to success is number three. Number three supports the success of points one and two.(food and housing).
Keep in mind, the demise of Howard was the reengineering of the remuneration from employment. He had a riot on his hands, and was correctly thrown out. Remember work choices?
Is Labor a success over Howards Liberals. No. They are worse I believe. Housing has continued its merciless ascent of the unaffordable. Rents have continued on the same course, upwards ever upwards. Utilities have undergone a meteoritic hike and wages have been suppressed in the usual tradition of Governments of all colours.
Back to housing. If we in Australia want another riot on our hands similar to the one Howard presided over with work choices, then the current situation with the housing market will surly assist greatly.
People will continue to pay unaffordable prices for housing in the short term, provided they are prepared to eat less and turn off the power to compensate, for example.
Yes, I can hear the bleating of the well off, forego holidays. Dress the kids in flour bags and walk them to school six miles away. Well there is a limit to the ability of people to save. But should the bad old days return, when unemployment reaches double digit (as in many parts of America, and Australia), the reality is high rents and high mortgages on overpriced housing cannot be maintained on the pittance of the dole. Consequently, evictions and bank foreclosures become the feature of many lives.
The conditions as described have of course been exacerbated by the recent string of natural disasters, which I also believe will add pressure on the existing undersupply of housing in Australia.