australia housing dodges worst of global wreck, page-32

Houses are like cars in peak hour. Too many not efficiently utilised because Australian society like other Western societies is dysfunctional to the point where people want to be alone but still wealthy enough to be able to.

As Bob Hawke said on Denton tonight, society has been lobotomised. One side has made incredible advances, manufacturing, communication creating a lot wealth. The other side, the community is becoming a basket case by comparison.

Pulling the belt in slightly would see a huge increase in houses on the market. The current economic downturn is already having that effect.