[senectus1]

was having this discussion with my father the other day.

The housing crisis seems to be essentially global. It's getting really very bad over here in Australia, we have young families being priced out of even the rental markets and staying in tents and stuff.

I dont understand how the building industry can possibly be going broke when people are clambering for houses to be built!

[bombcar]

It’s the “nobody builds used cars” problem.

The people who have the money want high end big houses to be built, so that’s the supply being added.

It’s not being added fast enough to fee up enough “used” smaller houses.