LM - Always wondered where that edge was ...
CODA: link via Indian connection of Slough a borough of London ... Pronounced Like Slav ---
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GRANDFATHERING THE AUSTRALIAN DREAM
House prices, insecure work and growing debts … Who can afford a stake in today’s society?
The Liberal Party of Robert Menzies wanted all Australians to own their own home. The Liberal Party of Malcolm Turnbull wants us all to be landlords. The times, they are a-changin’.
Australia’s longest-serving prime minister set out, quite deliberately, to give young people a physical and financial stake in the country. Menzies saw housing as a way to ensure that the young were, quite literally, invested in Australia’s future. He knew that people with 25-year mortgages would be more likely to go to work, pay their bills and vote conservative. At a time when Australia was involved in the Cold War, and when riots were common in the United Kingdom and the United States, Menzies also saw widespread home ownership as an effective way to stave off “revolutionary tendencies”.