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The Viral Cycle of Renting in Australia
The tax rate in Australia is really quite punitive towards young people. We're basically subsidizing a lot of the boomers who grew up in an era of massive economic growth and benefited from it. And so there's this vicious cycle. There's no security if you're renting. It's like next to you, where am I going to be with the baby? Are we going to get kicked out? "If they pay my student debt, I will have a baby right this minute"