FOMO

It’s scary when you notice propaganda affecting the way you think. Buy property, buy property, don’t miss out, buy property, now’s your chance, buy property. Soon enough, you catch yourself thinking about affordable property, leveraged investments, maximizing returns.

It pays to note that the two of the largest media companies own the two biggest digital property platforms in the country. Exploiting their trust and distribution channels to prop up an asset bubble from which their existence is justified.

But it’s unavoidable wherever you go. Millennial colleagues are joint buying with the Bank of Mum and Dad. Middle-aged people servicing loans, considering upsizing to keep up with the Jone’s. Some of us in a better position trying to decide whether to start the trek.

It’s bound to crash, some say. It’s not a megacity yet, say others. Corporate economists and media analysts try to soften their messages. But interest rates are still at record low, and private debt is skyrocketing.

It’s a bubble. And just like the crypto bubble, you really don’t want to be holding the bag when the music stops.

It’s also worth reflecting on why we are here. If there’s anyone’s name to curse, it’s John Howard. The conditions he engineered resulted in an absolutely phenomenal wealth transfer. It’s classic Liberal philosophy. Steal from the many and give to the few. How the reality distortion field around him is sustained is beyond me.

Twenty two years of Howard is enough. We can’t let this fraud continue.

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