photo credit: bjornmeansbear With climate change forging into our conscience day by day, how are Gen X,Y & Z to feel when they realise they have been ripped off like no other generation before? The increase in the First Home Owners Grant saw nearly 13,000 youngsters manipulated into buying at the top end of the [...]

photo credit: bayerberg Last Thursday’s G20 meet saw little new initiative. The $1.1 trillion stimulus package was largely from already announced packages. This totals up to US$5 trillion in bailout economics worldwide, appx 7% of the planet’s GDP of US70 trillion (purchasing power parity exchange rates). The ‘name and shame’ tax haven policy development will [...]

photo credit: laverrue A local couple, Mitch Cope and Gina Reichert, started the ball rolling. An artist and an architect, they recently became the proud owners of a one-bedroom house in East Detroit for just $1,900. Buying it wasn’t the craziest idea. The neighborhood is almost, sort of, half-decent. Yes, the occasional crack addict still [...]

photo credit: robertpaulyoung There is little doubt that Zimbabwean-like land grabs will occur on our doorstep if current economic policy continues. The policy alternative we spell out below could pop the fuse to the frustration that led to Zimbabwean land grabs and the simmering tensions in Fiji. With the Pacific Islands rapidly privatising from kastomeray [...]

photo credit: lrargerich Karl Fitzgerald as published in Crikey 20/02/09 Mirvac yesterday admitted what many affordability watchers know. The housing market is manipulated to suit shareholders over householders. Due to the fear that an $81.4m half yearly operating profit is insufficient, first home buyers will have to pay higher land and housing prices to support [...]