Tuesday, 14 November 2023

A Cursed Nation

 



Australia is in a lot of trouble. I see a lot of anxiety amongst the younger people today. There are some who are stressing out about whether they can get off the rental ladder and buy a home. They may already be married, but they are feeling like the noose of the cost of living is tightening around their necks. Others are delaying marriage longer and longer, because they see how expensive life is, and they are concerned that they might not be able to support a wife and a family. Still others are living under a burden of fear that they may not be able to even keep the humble home that they currently have. Australia is in a lot of trouble and its people are increasingly suffering under the weight of increasing financial pressure.

There is this very famous passage in the Old Testament that outlines curses that God will bring on Israel if they reject living his way. One of the verses says this, “43 The sojourner who is among you shall rise higher and higher above you, and you shall come down lower and lower. 44 He shall lend to you, and you shall not lend to him. He shall be the head, and you shall be the tail” (Deut. 28:43-44). The nation of Australia is not Israel, but many of the wise laws baked into the law of Israel still have practical applications in our world today and we can still see the consequences of having your nation given over to wickedness right in front of us.

Look at this Macrobusiness article,

“Australian homes are no longer for Australians

BetaShares chief economist, David Bassanese, this week posted the below on Twitter asking why there aren’t greater restrictions on foreigners purchasing Australian homes:

“Wealthy Chinese buyers are taking private jets to Melbourne to purchase mansions in Toorak – the city’s most expensive suburb – on the spot, says Toorak buyer’s agent Alex Bragilevsky”.

“Mr Bragilevsky… says 90% of the work he now does is for Chinese buyers”.

“I’ve facilitated $135 million of real estate deals [in Toorak] in the past six months”, he told The AFR. “All these buyers were Chinese”.

“The Chinese will pay over the odds for single dwellings”, he said.

It is not just prestige homes that overseas buyers are targeting.

Recent data from the Australian Treasury, real estate professionals, Juwai IQI and PropTrack all show that foreign interest in Australian homes is surging.

NAB’s latest Residential Property Survey of real estate insiders reported that the proportion of Australian homes sold to foreign buyers has increased sharply since Australia’s borders was opened in late-2021…”[1]

Australia is facing a rental crisis. Our standard of living is dropping. Record immigration is making it hard for people to afford to live in their own country. And in the middle of this our government is serving the interests of foreign investors by allowing them to outbid Australians in the housing market. They are selling Australia out.

Australia may not be ancient Israel, but we are seeing Australians drop lower and lower in Australia and getting more and more into debt, and the foreigner is rising above them and profiting from this. This increasingly shows us that we are a cursed nation. There is still great wealth in this land, and many Australians are still living in some degree of prosperity, but the number who are is shrinking, rapidly. Perhaps things will change to some degree when the boomers leave their inheritances to their Gen X and Millennial children. But even much of that wealth is being chewed up on foreign holidays, expensive caravan and camper trips and being spent in over the top and often foreign owned retirement villages that are designed to drain the money of the elderly.

The Australia we once knew, that offered a fair go for all, is quickly disappearing, and our government is showing zero interest in changing the direction this is all heading. After all, how many of them own investment homes? How many of them really think it is their job to improve the lives of Australians at all?  

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