All our resources are going into housing. Both governments are...

All our resources are going into housing. Both governments are juicing house prices with policy to create even more mortgage debt.

From an economic point of view, its horrible whats happening in our economy. Name me one country that ever stayed strong due to a real estate economy propped up by increasing mortgage debt. Houses are unproductive assets; they literally just provide a place to sleep in and watch tv in. Too much of the country's wealth in tied to real estate. It wont end well

However, I understand the strong capital allocations toward the banks as well as the new high premium being placed on the banks, CBA in particular. In this house price economy, mortgages suck up more capital year by year, investment in other asset classes to fall while financials get bigger.

I get it now.