Is Australia's bloated property market destroying the middle class?

It's a marked failure of democracy that the 90% continue to get a raw deal for themselves and cannot manage to rally together and secure their interests. Shelter is probably the highest expense item for anyone. Reducing that would ease financial pressure immensely and uplift quality of life like no other single thing can. You would think it should be obvious that people make this their top priority and use their collective voting power to limit property ownership. But there is not a single example in any democracy where people have managed to do this.

Technology was expected by some to empower the citizens, enabling them to counteract negative outcomes - but in fact has allowed the powerful to shape opinions and politics to their perspective even more easily.

We need Logan's run to fix this. By the time the great boomer wealth transfer happens, it will be too late. I don't see an Australian political party willing to sacrifice the rich superannuation generation for future good, unfortunately.

I confidently predict Keith Richards will still be alive in 2070 when housing prices stabilise at the proper low point.

(I am a boomer, and I just cleared my mortgage last week)