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- 3 July 2009
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Good. Property prices have needed to come down for a long time.
The idea of perpetual expansion is just... ugh. I genuinely wonder how this country is so stupid at times.
Then I remember that the boomers are profiting from it.
Well the reality is, the first world have a negative population growth.I suspect that we have reached or surpassed our maximum level of efficiency as a species and we will decline in numbers untill a balance between population numbers and resources required is achieved.
No doubt environmental factors are involved, but so are economics. If people can't get secure well paying jobs are they really going to be interested in having kids if they can't afford a house to put them in ? On the other hand opportunities for women have increased (despite the feminist screeching otherwise) and more women are interested in careers rather than child rearing.
All of which adds up to a levelling out of the population increase in the developed world at least.
Which is a good thing imo, as long as we can afford aged care.
The third world have a positive population growth.
It would be interesting to see the birth rate of refugee families that arrive in Australia.