58% of Australians Worry About Their Mortgage, 42% Worry About Becoming Homeless

A survey shows homelessness is a huge issue in Australia. The survey also shows an increased demand for "free" stuff.

Guardian writer Peter Lewis discusses Australian homelessness in his report Government Walked Away from Social Housing. Now We Pay the Price.

One of my pet peeves is writers not linking to sources.

Lewis never mentioned who conducted the survey or what methods the survey used. He did not even bother naming the study. We have to take it on faith the survey is even in the ball park.

However, I am not all that surprised by the results. People start to worry when massive bubbles collapse.

Demand or Free Stuff

What to Do?

Like every seriously-misguided socialist, Lewis wants free stuff. Heck, the survey itself shows 79% are in favor of free stuff.

The big question is not whether the government should do something, but what should it do?

Here’s the unspoken truth of the housing debate: it’s not about the transaction, it is about the homes and the responsibility of a decent society to ensure that everyone has one.

Economic Insanity

Lewis is economically illiterate. All socialists are, by definition.

The idea that government has a responsibility to provide everyone a house is economically insane.

Everyone Wants Free Stuff Until

Everyone wants free stuff until they are told the cost.

There is no such thing as "free" housing, "free" medical care, or "free" anything else. Someone has to pay for everything, either by business-destroying taxes, inflation, or both.

Undoubtedly, the poll would have a completely different set of answers if people were asked "Are you in favor of providing free shelter to the homeless if your taxes were to double or triple?"​

Root of the Problem

The root of the problem, which never occurred to Lewis, is the Reserve Bank of Australia kept interest rates too low, too long, while allowing banks to lend money to too many people who could not afford homes.

None of the major central banks properly factor in housing prices in their inflation estimates.

Spotlight Seattle

If you want to increase the problem, subsidize it.

Seattle spent $68 million finding homes for 3,400 homeless people in 2017. A 2018 Count puts the number of homeless at 8,600 and rising.

That is expected behavior. Homeless people from all over will attempt to get to a place that wants to hand out free housing.

Seattle then passed a head tax to support the homeless. This is what happened: Under Pressure, Seattle Reverses Idiotic Tax on Corporations to Support Homeless

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  4. Bankrupt Chicago Ponders Universal Basic Income, Obama Sings Hallelujah

Some people object to the Medicare cost story. I do not know the true cost of "Free" Medicare for all, and neither does anyone else. But I do know that hundreds of government-sponsored "affordable housing programs" including "low-cost" government loans drove up the cost.

Tuition support did the same for the cost of education.

Government involvement in anything is bound to raise the price, cause massive tax hikes, or both.

Mike "Mish" Shedlock

Comments (8)
No. 1-7

"Like every seriously-misguided socialist, Lewis wants free stuff."

Lewis and the like (any socialist for that matter) should be pelted with stones whenever and wherever we see them, so that they stop this theory of "privatizing profits and socializing losses" all in the guise of saving average citizens. Just ask the savers, retirees, prudent people who will be put under the bus and the tax-payers who will be bled for all their worth to pay for such ideas.


Both capitalists and socialists suffer from old paradigm thinking. The orthodox on both sides are always the last ones to embrace a new paradigm.


It's The Guardian. An awful rag. Socialists love it. It walked away from ordinary citizens years ago.


Australia is and always has been a welfare state. People there automatically think that the government owes them stuff. Inevitably most of the taxes collected there go to welfare. The country has avoided bankruptcy by selling its land and riches to China. Nevertheless to keep 70% of the country employed the government naturally supports the building industry. Seeing the errors of its ways the government has started to poor money into the defense industries in an effort to create the missing technology jobs that have plagued the economy for a decade. Without China to sell chunks of dirt to or the building industry to build apartment blocks its a socialist banana republic relying on sales of natural gas and agriculture. What could possibly go wrong with that?


Instead of looking in the mirror and reforming, govt's always become more tyrannical, and blame the people or some foreign boogeyman, who must be made to pay for govt fraud, abuse, incompetence, and corruption. Citizens move if they can, as we have seen in IL, NJ, and CA. Unfortunately, the average Ausi has little choice, and must stay and fight. Our turn is coming, which is why govt will get increasingly desperate to take our guns and money.

But don't worry, govt is here to help. Like the rest of the west, they will try to move to totally electronic money to insure maximum tax collection.