There's a serious disconnect between the mindset of landlords and reality.

The tragic thing is that he's right. The government, any government would sooner sacrifice its first born than allow house prices to start falling.

I guarantee that if house prices ever do start falling the federal government will step in within 5 seconds with insane economy distorting policies to support house prices.

Because 65% or so people are homeowners. About half of them are still paying off mortgages. Any government that didn't do everything in its power to keep house prices rising forever would lose so badly at the next election they'd be in opposition for at least 4 terms.

In other words, it's all a massive fucking scam for all those who don't own property. Free market capitalism? Bullshit. It's more like feudalism than anything these days. And it's going to get worse, so much worse.

Sorry to be such a pessimist but we're going to see mass homelessness on a scale we never ever imagined could happen in Australia in the next two decades.

And there will be weeping and wailing and endless cries of "won't somebody please do something!"

But nothing will be done. Because this country has gone psychotic over property prices.

(And sorry but anybody who buys the complete bullshit that cutting migrant intakes and throwing money at private developers to build so-called "affordable housing" will be sorely disappointed.)

There's a serious disconnect between the mindset of landlords and reality.