WENDELL HUSSEY | Cadet | CONTACT
Some bloke who works in the Australian property industry has today provided The Betoota Advocate an exclusive sit down, to explain why the price of houses going down would be a really really bad thing.
“It would be CATASTROPHIC,” said Johnathan Huxley-Wilson, a 57-year-old property analyst at some peak housing body who moonlights as a columnist for a commercial news organisation.
“Like it’s really easy for everyone to say, ‘Oh houses should be cheaper and then everyone can buy one,’ but that is just foolishness,” explained the man who pretends like that wasn’t the case when he bought his first property for $42,000.
“That ship has sailed, and unfortunately if you pulled the rug out on the market it would destroy the economy,” continued the resident of a nation seeing a rapid decline in homeownership and sharp rise in people living below the poverty line.
“Imagine if you just bought a home, and then all of a sudden it’s worth 20% less,” said Huxley-Wilson, failing to understand that maybe a home shouldn’t be bought as an investment and should be somewhere to live.
“That’s all well and good to say that it should be someone’s home and it shouldn’t matter if it doesn’t go up in value because it’s a home to live in.”
“But then how do you make money on it and buy a nice house.”
“And then make money on that and buy a nicer house.”
“And then buy an investment property.”
“And another investment property.”
“And then live off the profits of taking the human right of having a home away from a large number of the population.”
“That would threaten the cushy way of life for a small percentage of the population.”
“Now that’s a catastrophe if you ask me,” finished the man who might need to look up catastrophe in the dictionary.
