all due to fiat - using house as store-of-value 

 Rent has almost doubled since COVID in my part of Sydney. 

We're going to WA later this year but looks like the same is happening there too.

You'd think with the small population and huge land mass we could let supply run hot for a decade or so and get the prices in order.  

 Perth is having the same issues with shortages.

It’s truly insane that a country the size of Australia, this huge, with 3 people per square kilometre, has a fucking housing shortage. Reminds me of the Friedman quote.

All on the governments in this corrupt and decrepit place: nostr:note1r23jyazlsx7ehjjlz525cz6fycr6yu5hu7klevzppapusytpvd2qvvrmj6 https://i.nostr.build/2RlG7.jpg  

 Crazy to see my anecdotal evidence through observations of the rise in homeless people in Adelaide backed  by data. Sad 😳

https://www.launchhousing.org.au/capital-cities-homelessness-index