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2024-11-17 22:20:28 UTC

Mark Pesce on Nostr: The high cost of housing is the root of all the city’s other issues. It depresses ...

The high cost of housing is the root of all the city’s other issues. It depresses our culture and hurts our nightlife. Damaged though they were by lockout laws, poker machines & ridiculous regulations, none of those threats are as fundamental as the fact people don’t have as much to spend on eating out, grabbing a cocktail or catching a show. They’re spending it on rent and mortgages.

The housing crisis is billed as a national problem, but it is really a Sydney problem.

https://www.smh.com.au/national/nsw/as-i-leave-beautiful-but-maddening-sydney-i-ve-realised-all-its-problems-boil-down-to-one-thing-20241015-p5kifp.html