The Huffington Post reported that in Australia’s eastern capital cities (and outer suburbs) housing prices have become stratospheric. Although many homeowning Australians have been ecstatic with these windfall gains, there are now millions of other citizens for whom the Australian dream is entirely out of reach.
Statistic after statistic reveals that the quest of home ownership has never been more unobtainable. If this plain statistical reality is accepted, then we must move to ask whether it is morally desirable? No matter how it is examined, there is no moral justification for making home ownership unobtainable for the young, single and poor.
Read more via the above link.