It seems a good time to remember, in amongst the rhetoric of election campaigns that all parties will keep house prices where they are.

The way back to affordability is 10-20 years of marginal house price growth, to enable housing to come into line with long term trends. Fluctuations that are radical pose radical problems for politics. So they opt for the sustained. This is what I think Australia’s (and others) future housing comes down to the (continued) debasement of currency through broad (stealth) taxation.

What a game.

I suspect voting preferences will swing around the late 30s quite bad :-/

      • goodthanks@lemmy.worldEnglish
        21·
        3 days ago

        Unions are great and everyone should have one, but unfortunately there are some professions where unionisation is beyond the current imagination. Software engineers for example. They didn’t need one historically because wages were higher than many other professions, but that has changed over time due to an over supply of professionals. Its the kind of profession that encourages individuals to compete against each other for salary increases. I see many people doing unpaid overtime, partly because the field attracts people who work compulsively for reasons of professional pride.

        • goodthanks@lemmy.worldEnglish
          2·
          3 days ago

          I take it the down vote is coming from someone misinterpreting my points. Lack of unionisation in many industries is partly due to the fact that they are very individualised in nature (individual works hard to distinguish themselves amongst their colleagues and get an individual pay rise). I don’t know the best path forward to change this mindset, but we need to recognise it and talk about it.

      • goodthanks@lemmy.worldEnglish
        2·
        4 days ago

        I see it as more of a demand and supply issues. I’m an engineer and all my unpaid overtime over the last few years never resulted in an adequate pay increase because too many qualified people want my job, despite the value it added the company, which leading the market in a competitive new technology. The bargaining power isn’t there.

        • Christobootswiththepher@lemmy.worldOPEnglish
          11·
          4 days ago

          I see it as a supply and demand issue, too.

          Supply of humans is so high that it has eroded bargaining power. Add in immigration and it is known that this has suppressed wage growth. Hence why I think in the 30s and beyond will be wild. The supply of humans will be reversed as global fertility trends continue. The WHO forecasted stat’s on world population from 2050-2100, and beyond, shows a decrease. If this plays out houses are going to be cheap as chips through this period, and all the ‘real estate empires’ will lose their shirt.