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Economist Chris Richardson is one of the nation’s best analysts on budget finances.
Sadly, his expertise does not extend to the housing market, where, like many others, he fails economics 101 by only seeing the supply side and ignoring demand.
Richardson told 7News’ The Issue Podcast that the only way to solve Australia’s housing shortage is to tell NIMBYs to “suck it up”.
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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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