Youngun’s ‘expectations’ are not to blame for affordability ‘crisis’
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It’s blame the victim time again. Over the weekend, Craig Treasure – the managing director of ASX-listed house-and-land developer Villa World – blamed younger Australian’s “high expectations” for not being able to purchase a home. From The Australian:
Young buyers’ high expectations for big homes with multiple bathrooms and all the mod-cons are fuelling the housing affordability crisis…
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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.
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