Mad Adam: housing “actually very affordable”

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By Leith van Onselen

Dad’s Army’s “Mad” Adam Carr has truly entered bizarro world today, penning a piece arguing that Australian housing “is actually very affordable”:

Hysteria is a funny thing. People seem to get so worked up about the latest meme that it blinds them to obvious truths; one being that housing is still actually very affordable.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.