[First filed: Nov 24, 2010 @ 12:53]
Option 1 an Inner City where only the very rich can afford to live in block hogging monstrosities.
Option 2 an inner city looking like this in which normal people might manage to live.
That’s it as far as the options go.
Some background for the confused:
- — The Baby Boom generation, the largest demographic in our society, are planning on taking the longest retirement in human history, past or future.
— To do this they will eat both the past and the future.
— It is too late to talk of generational warfare, the war has been fought and won by the Baby Boom generation.
— There is no point getting angry about this. Adapt.
— To fund their immense retirements the boomers have created two pyramid schemes, compulsory superannuation and real estate.
— The bottom of the pyramid is the children of the baby boomers. (Do not dwell too long on the monstrosity of this)
— They did not have enough children to support the pyramid, so they are importing new australians at a phenomenal rate to gouge in the pyramid, and keep wage pressure from their children down which would also upset the pyramid.
— None of this is within the remit of the ACT Government, or our community, we just have to deal with it.
— To accommodate all the new Australians, and keep the property pyramid scheme going until the boomers are dead we are going to need a huge number of new dwellings in this town.
— That can either be:
— Terrible broadacre tracts over the NSW border while Canberra proper gentrifies (think Sydney’s Western Suburbs).
— Planned and regulated higher density in the city (think Sydney’s Eastern Suburbs).
Make your choice. It would have been nice to have more options. But we don’t.