"We can argue till the cows come home, theres no point, we differ fundamentally on our economics."
Yeah you are trying to argue macro economics without understanding micro economics. Case in point is that your are arguing gov and RBA should be controlling supply and demand of housing to control property prices. I will point out to you that if property was more affordable that would increase demand when we already struggle to keep up with demand.
There is no denying that owning your own home is becoming more and more difficult, just the way it is. However there are other fundamentals that will balance it out for future generation, amusing you start with parents that own a home. People who's parents don't own a home are less likely to aspire to owning a home themselves
My parents who worked as unskilled labours raising 5 children managed to buy and pay off the family home within 5 years of arriving in Australia. Mum in particular pressed on us that buying a home was a priority, 4 of us took that on board and us 4 are all financially well off.
While all 5 of use will inherit a share of the proceeds from the family home, 4 of us do not need it. So while property values make it difficult for my son and his wife to afford a home I am in a position to help him out and he will get half decent inheritance, all going well my grandson will also have the financial leg up.
So you see fish, instead of complaining that the government should do this or that to make it easier for me. I just get on with live
BTW studying economics is not the reason I am financially secure but it has not hurt
