Housing Hostages: Australia in 2050

Imagine it’s 2050 and the housing bubble in Australia never burst. Where do we live, how do we pay for it and what is day to day life like? Exorbitant home prices not only keep Australians in the crowded and expensive rental market, but they also change life plans and society. In this episode, ABC business editor Michael Janda explains why housing crisis is the country’s biggest issue. It locks people into debt, delays retirement, creates stress and insecurity, contributes to falling birth rates and exacerbates inequalities between the generations. We’re hostage to housing.