this post was submitted on 11 Nov 2023
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[–] min0nim@aussie.zone 3 points 1 year ago (1 children)

It’s terrible that we’re regressing towards a pre-1850’s society, but also ridiculous is that all this does is drive more money into non-productive housing.

Say want you want about the US, but at least there the dream of wealth is underpinned by the idea that you start a business doing something useful.

The Australian dream of wealth is flipping houses.

[–] Hanrahan@lemmy.world 1 points 8 months ago

Surely a lot of "influencer" dreaming ? Getting into housing now is capital intensive.

I've only ever had a house to live in and invested elsewhere but back when I had a business (decades ago) they wanted a lein over the house in case of default, so it's hard getting capital to start a business as well, sans house.