I'm in the same situation @topowl and have the same frustrations. You feel like chicken little sometimes, why can no one else see that the sky is falling? One of the favored Munger-ism explains it I think "Show me the incentive and I'll show you the outcome", 2/3 voters have a house to their name and want to get more wealthy. No one gets into government making two thirds of their constituents poorer, I can't see governments doing anything about housing affordability until it's 2/3 voters who are renting (or natural market corrections force the issue).

Edit: plus one for Pocock, we need more like him.

Yes.

I sigh when I hear those 2/3rds talk about how they need more cops on the streets, too much crime, oh my poor darlings 8k e-bikes has been stolen, and on and on…

they just can’t seem to connect the dots and realise house prices are a gigantic root problem for so much…

sigh

#theyaregoingtoneedbiggerfences

Wealth inequality creates problems. We think of ourselves as a fairly flat and egalitarian society, and we mostly are, but we have accidently created a Lords and Peasants situation. Today you are born with inherited wealth and land ownership, or not, and increasingly crossing from one to the other is becoming more difficult. It's not all bad, I still wouldn't want to live anywhere else, but it feels like something we should be working on. It also feels like it will get worse before it gets better. Good luck to you @topowl, stay away from the avo and toast : ).

Imagine how many you could buy as an investor!

Haha, I wonder how the agents spin that @Summer12?

I still bet those apartments are >$3m

There's a big back story to that. Basically, those apartments were built knowing full well they were going to be right next to a theme park (the park has been there since the 1930s). When the residents moved in they complained about the noise (oh we didn't think the rollercoaster would be that loud!!!) and managed to get the park shut down. The saga went on for a few years but eventually commonsense prevailed.

This was around the turn of the century.

Luna Park was purchased from SA to say thank you to the residents of NSW following the years of bridge disruption and noise. I know the irony, purchasing a fair ground as a thank you for accepting noise.

What got me was those apartments are new build/reno, but so is the roller coaster, Chicken and egg situation.

Not for me thanks.

Fun / Sad fact. 4 days ago was the 20th anniversary of the closure of Wonderland. :(

Always so much better than Luna Park

Always keen for some confirmation bias @Summer12!

Thanks for sharing, I'll definitely check it out