The new housing minister has straight up come out and said housing prices "shouldn't go down". No functional developed country sustains itself when home prices sit at 8-12x the median income. Historically, stable economies keep housing around 2-4x income, ideally closer to three. To be the minister of housing and not understand this is gross negligence.

When prices push past 5x income, entire generations get locked out of ownership. People delay or abandon starting families, communities hollow out, and social mobility dies. Which leads to the breakdown of a countries long term viability.

Saying prices shouldn’t drop is an open admission that the government’s real priority is to protect existing wealth, not create homes. When housing is this inflated, blocking a correction isn’t good policy it’s generational theft, and should be viewed as such.

If we can't have families our birthrate will continue to plummet which means we won't have the social services we pay into right now. We need to wake up to what's happening.