“The fact that one of the least populated countries on Earth contains the world’s second most expensive housing is a national calamity, and a stunning failure of public policy,” writes Alan Kohler, in the latest Quarterly Essay.
He doesn’t mince words. We are in a housing crisis – and it is a public policy failure of the biggest kind. This crisis is about more than housing: it is a social and economic crisis, creating a society defined by inherited wealth.
