Late-Stage Capitalism & Housing Supply in Australia

Late-stage capitalism is destroying a basic human right - being able to live in a house - as housing affordability for renting and buying across Australia has been smashed in recent years.

A report produced by Anglicare Australia highlights with cold hard facts something that is already clear in the community: Australian housing is unaffordable. I note a few quotes from ABC News’ story covering the release of the paper that highlight the challenge facing our nation.

There is not a single property across Australia – or even a room in a shared house – that’s affordable for someone on youth allowance, according to a new report from support organisation Anglicare Australia.

Not one property! Not even a crappy place in a crappy suburb. Nothing. And good luck convincing a renter to let you rent their property and establish a share house. That isn’t going to happen. You’re stuffed.

In Western Australia, the housing market has lost all dynamism. It has ground to a halt, with just a couple of thousand properties on the market in a city of around 1.8 million people. If people can’t be certain of being able to find a house to buy a house, they’re not going to try to sell the one they’re in. So we end up with a malfunctioning market. Just as the employment market needs dynamism to ensure productivity—people leaving old jobs and entering new ones—so the housing market needs a pipeline of properties on a continual basis.

Housing unaffordability has killed the market, and is leaving a wake of homelessness as a result.

The solution isn’t unknown. It has been known for a long while. But conservatism and vested interest holds back change, which is hardly a surprising situation.

“an overhaul of the tax regime” is needed – including the capital gains tax discount being phased out over a period of 10 years and negative gearing deductions to be phased out for new investors in the private market.

It has been evident for many years that the ‘investor class’ are leveraging what is not a loophole, but designed policy, in the form of negative gearing and the capital gains tax discount to profit from housing. Buying and owning multiple homes has become an investment game for those who can afford it, pushing up prices and pushing out people who need a home to simply live in. The increasing price pressure means rents go up in lockstep, further punishing those who can’t afford a ride on this particular gravy train.

A previous Federal Election saw Bill Shorten as Opposition Leader run an aggressive campaign to end the current negative gearing tax policies. Confronted with a scare campaign from the conservative side of politics, he lost the election. That’s scared away current politicians from making changes that are necessary for the greater good, never mind the wake of economic and social destruction that might be left in its wake.

I swear my Roomba stalks me. Whichever room I move to, sure enough, Roomba soon turns up.

Domain transfers from Hover to Porkbun are in progress.

Reviewing my Backups

I identified that my formerly robust system of data backups, particularly for photos, was no longer great.

A combination of frugality and simplification had gone too far.

Some time ago I deleted my Backblaze account. Recently I deleted my Flickr account. That left me only with iCloud Photos, which is a sync service and not a true backup. This doesn’t protect my old Lightroom .dng files, nor anything else that isn’t a photo.

I tried using my OneDrive account, but attempts to upload large volumes of files through the web interface and disabling the relevant folder through the OneDrive client to avoid multiple download/duplications failed. OneDrive on the web borked at the folders - I don’t know why, and nor did I have the patience to investigate deeply.

I asked my brains trust over at the Hemispheric Views Discord, and the answer was Backblaze. So, I’ve returned to that service, tail between my legs.

My other option was to dig out my spinning disk caddy, and buy a hard drive, but that sounded like more physical labour than I was motivated to achieve.

As Backblaze once again sends terabytes of data from my system to its data centres, I feel some sympathy for the machines. But seriously, NBN, can we please get some faster upload speeds?

Tonight I was lucky enough to commentate a triple-overtime game of NBL1 basketball between Perth Redbacks and Eastern Suns. 🏀

Rocking a new pair of shoes.

I finished Season 1 of 3 Body Problem and don’t want to have to wait for Season 2. Bring it on! 📺

Should I subscribe to Castro podcast player? I like the direction the new ownership seems to be going in.

Fun to be back behind the microphone calling NBL1 West basketball games for Perth Redbacks. 🏀 🎙️

Those who listen to @HemisphericViews will know that I’m a beach guy! Here I am repping the show and a wetsuit!

Spotify is so much better at surfacing interesting, not necessarily mainstream music. Apple Music works really hard to keep me near the Top Charts. 🎵

The Hunger Games: Mockingjay – Part 1, 2014 - ★★½

This feels closer to Star Wars than The Hunger Games. The plot to kill Catniss is possibly over convoluted?

The Hunger Games: Catching Fire, 2013 - ★

Just get to the good bit already. Oh, there is no good bit.

Are You There God? It's Me, Margaret., 2023 - ★★★★

More evidence that the 70s were the best. I remember reading this Judy Blume book (and others). Wholesomeness delivered to the sad 20s.

Run Rabbit Run, 2023 - ★★

The audio mix was terrible, but the film at least made me think. But can somebody tell me what the deal was with the face appearing in the memorial?

Buying something with coins feels as good as getting it for free.

Sideways, 2004 - ★★★★

Such a fun movie but it feels like a movie from the mid 90s. A lot has changed in 20 years - more than I realised.

NBL Pocket Podcast with Boti Nagy

How fortunate am I that I could do a podcast with journalistic legend, Boti Nagy. This man has a huge history reporting the National Basketball League, is a published author, and thanks to my friend Joseph Corr is now a co-podcaster with me! I was reading Boti’s articles when I was 12 years old. What an honour to do a show with him.

Currently reading: Tomorrow, and Tomorrow, and Tomorrow by Gabrielle Zevin 📚

I dated a handwritten document as 21/3/14. Crikey, I’m a decade out of date!

Taking photos of signs @maique style. This one is a relic! Look at those seniors!

The boy and I started playing It Takes Two on Xbox. So much two-player raging. Lots of fun. He pulled out the nail while I was swinging on it! 🎮

The Family Plan, 2023 - ★★

Not great but good family fare.

Finished reading: Kafka on the Shore by Haruki Murakami 📚 Probably one of the weirder books I’ve read. Entirely compelling, but I’m not sure I comprehend what I read.