Australia’s housing obsession is one of its greatest weaknesses.
Rising house prices are not a sign of prosperity.
What they actually tell you is that more money is being borrowed from the banking sector to buy homes.
The cause of rising house prices is rising household debt, and that is unproductive.
House prices are now five times more expensive than consumer goods compared to 1970. We should never have allowed that to happen.
Housing should not be an asset.
It is not something you should profit out of. It is something you should live in.
The people who really benefit from rising house prices are real estate agents and property developers, not the families who live in them.
We are paupers living inside castles. Paying a fortune on the mortgage, a fortune on private schools, and out of the remainder, just trying to live.
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#SteveKeen #AustraliaProperty #HousingCrisis #MortgageDebt #Economics #HousingAffordability
Children and teens across the state can now access a needle-free nasal-spray vaccine following the worst flu season on record. The flu-mist is painless and free of charge at GPs and pharmacies for kids aged between 2 and 17 as the Government tries to boost vaccination numbers.
Turning the tide on antibiotic resistance will require new ways of working, writes executive director of the Global Antibiotic Research & Development Partnership. https://t.co/aE86XofGcC
The only women that truly loves you and no matter what happens doesn’t leave you is your mother...
☆♡☆...Happy Mother's Day...☆♡☆
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Medicare is meant to help all Australians access affordable healthcare.
It is Australia’s universal health insurance scheme, guaranteeing everyone access to a wide range of health & hospital services at low or no cost.
Except if you have a dental problem.
https://t.co/iohGWtLEdK
This is tragic beyond words😭. Pumping up house prices so newcomers are forced to take on debt up to their eyeballs - is a sure recipe for societal breakdown with a real human cost attached
As you get older, you’ll realize that the $200 dinner and the $10 meal satisfy the same hunger.
The designer sunglasses block the same sun as the gas station pair.
A private jet and a middle seat both land at the same airport.
A Tesla and a Toyota sit in the same traffic.
True peace is not found in luxury or labels.
Stay kind and grateful.
The sunset looks the same no matter how much you paid to see it.
Spirituality in Daily Life - In this clip from the archives His Holiness the Dalai Lama explains how spirituality, like medicine, is most effective during life's challenges recorded at the Entertainment Center in Sydney, Australia on May 26, 2002.
Announcing the release of the new book Voice for the Voiceless: Decades of Struggle with China for My Land and My People will be available on March 11. “In my role as the Dalai Lama, there is no issue more important than what I describe in these pages. My hope is that the book will stimulate fresh thoughts and conversations today and provide a framework for the future of Tibet even after I am gone.” For more information, visit https://t.co/ckXqXJlPAp