Homeowner Guilt

An Australian columnist discusses the unfair disparities in home values Down Under.

1 minute read

November 24, 2003, 12:00 PM PST

By David Gest


"Our house has at least doubled in value since we bought it 10 years ago, or so I'm told. It's a typical Sydney story...we've done absolutely nothing to deserve this windfall...Too many people in Sydney, and too little land, did the work for us, driving up the prices...This ludicrous house-price inflation, if it continues, will eventually force my children, along with other first-time home-buyers, into outer Mongolia...House price inflation is crazy, it's destructive, it helps no one except speculators and real estate agents...[certain government interventions] could help modify the crazy house-price inflation. Instead we pay millions of dollars in first-homeowner grants to people who don't really need the money. Most recipients would buy a house without the grant, just not quite so soon...Millions of Australians need secure, stable, decent housing and can't afford it...We need some government intervention to make the housing market sensible and fair."

Thanks to David Gest

Friday, November 21, 2003 in The Sydney Morning Herald

portrait of professional woman

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Get top-rated, practical training

Concrete Brutalism building with slanted walls and light visible through an atrium.

What ‘The Brutalist’ Teaches Us About Modern Cities

How architecture and urban landscapes reflect the trauma and dysfunction of the post-war experience.

February 28, 2025 - Justin Hollander

Complete Street

‘Complete Streets’ Webpage Deleted in Federal Purge

Basic resources and information on building bike lanes and sidewalks, formerly housed on the government’s Complete Streets website, are now gone.

February 27, 2025 - Streetsblog USA

Green electric Volkswagen van against a beach backdrop.

The VW Bus is Back — Now as an Electric Minivan

Volkswagen’s ID. Buzz reimagines its iconic Bus as a fully electric minivan, blending retro design with modern technology, a 231-mile range, and practical versatility to offer a stylish yet functional EV for the future.

March 3, 2025 - ABC 7 Eyewitness News

View of mountains with large shrubs in foreground in Altadena, California.

Healing Through Parks: Altadena’s Path to Recovery After the Eaton Fire

In the wake of the Eaton Fire, Altadena is uniting to restore Loma Alta Park, creating a renewed space for recreation, community gathering, and resilience.

March 9 - Pasadena NOw

Aerial view of single-family homes with swimming pools in San Diego, California.

San Diego to Rescind Multi-Unit ADU Rule

The city wants to close a loophole that allowed developers to build apartment buildings on single-family lots as ADUs.

March 9 - Axios

Close-up of row of electric cars plugged into chargers at outdoor station.

Electric Vehicles for All? Study Finds Disparities in Access and Incentives

A new UCLA study finds that while California has made progress in electric vehicle adoption, disadvantaged communities remain underserved in EV incentives, ownership, and charging access, requiring targeted policy changes to advance equity.

March 9 - UCLA Luskin Center for Innovation