Letter to the Editor – The Age
April 2nd, Karl Williams, Tecoma

First home buyers sink

WHATEVER you think of the ”buyer’s strike” aimed against buying homes at the top of the property cycle (Buyers strike goes viral), the time must surely have come to question our passive endorsement of ever-escalating property prices.

The so-called housing boom only benefits those with two or more properties, and sinks would-be first home owners into ever greater despair. Federal governments have consistently skewed tax policies in favour of developers and investors, whose lobbying power and political donations far exceed those who think a home should be primarily a place for families to live (how odd!).

That a little outfit such as Prosper Australia can use social media to rally the economically downtrodden sends a powerful message.