Here comes the fake left property angst

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Having cheered on the resumption of mass immigration against all of the evidence that it is very negative for low-income households, the useful idiots of the left are now entering the predictable second phase of the cycle: pretending to care about the fallout from their stupidity. The Guardian:

Sydney facing ‘enormous’ housing emergency, research finds

More than one in 10 households in Sydney’s south-west are unable to meet surging living costs including rent.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.