Saturday, 7 May 2011

GetUp housing strike - what a stupid idea that was

Left wing media junky group GetUp (a clone of the US MoveOn group) had a stunt fall flat this week - a house buying strike.

(What is it with groups like GetUp, who generally hate the US, but copy every left wing idea that the US ever produces?)

Of course a house buying strike was going to fall flat, especially with GetUp members. Most GetUp members are baby boomer Canberra bureaucrats - in other words, just the sort of people who will own not only their own home, but possibly an investment property or two as well. They're the group that has benefited most from the housing price bubble in Australia. Self interest dictates that they're not going to poop in their own nest - they want house prices to continue to increase, thus increasing their retirement nest eggs.

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