Mojo ♻️AustralianSuper CEO Paul Schroder drops the quiet part out loud: calls for cheaper homes are basically 'nonsense' because our entire banking system — and economy — is underpinned by ever-inflating house prices.
We've spent 25 years pouring all our extra wealth into real estate instead of productive investment. The 'house' always wins.
Time for a serious rethink? Or just more super-funded band-aids?
#HousingCrisis #AusPol #EconomicMyth #Superannuation #PropertyBubble
Dingo