Why Australia’s Housing Crisis Is a Warning for the World [video]
TL;DR it&#x27;s expensive in Sydney. Lot&#x27;s of speculation and no real solutions...<p>I live in Tel Aviv and actually found that refreshing. We&#x27;ve been in a housing bubble since 2000. Here the main claim is that since the country is small, prices will always go up. This is BS since if you step out of Tel Aviv prices are still higher but fall drastically. This also shows it&#x27;s BS, if there&#x27;s one thing Australia has it&#x27;s land.<p>This is due to government decisions in development. The problem is that these policies take a decade+ to show the full impact and the political incentive is problematic.