Money sucked out of the real local economy will deepen the comming depression. Boomer landlords also pocket rent assistance as middle class welfare and have been in the game three decades. But they will see a crisis
like never before because they have stymied the economy and future of this country for all other generations. They have the hubris to go on about ANZAC day to the young, while they stole the Australian dream and sold out the country.
Our Tax system is built on lazy Boomer economics of land kleptomania for write-downs and write-offs by the wealthy.
which is why you don’t need a brain to suceed in Australia, just land, which implies a skills shortage