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The Politics of House Prices in Australia
The ACT government is the land developer monopolist. They own all the non urban land and they drip feed it to market. I said, why are you pretending with decades of reports analyzing what are the causes we want to know when you actually don't want the outcome itself? We've got seven trillion dollars worth of housing in Australia. 10% fall is a lot of money. You know, seven hundred billion dollars off everyone's balance sheets to highly concentrated at the wealthiest. That's political suicide, really.