{"id":235749,"date":"2025-05-11T03:01:41","date_gmt":"2025-05-11T03:01:41","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/investing\/my-thoughts-on-the-election-the-barefoot-investor\/"},"modified":"2025-05-11T03:01:41","modified_gmt":"2025-05-11T03:01:41","slug":"my-thoughts-on-the-election-the-barefoot-investor","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=235749","title":{"rendered":"My thoughts on the election \u2014 The Barefoot Investor"},"content":{"rendered":"


\n<\/p>\n

\n

In the holidays, I spent $60 in fuel and tolls driving my thirsty ute across Melbourne \u2026\u00a0<\/p>\n

\u2026 to save $30 on a camping dunny.\u00a0<\/p>\n

True story.\u00a0<\/p>\n

That\u2019s right, I literally burned more fuel than I saved \u2026 to buy a glorified bucket with a lid. (It\u2019s for a camping trip \u2013 hey, we\u2019ve four kids that aren\u2019t strong enough to use a shovel.)<\/p>\n

Yet I also scored four uninterrupted hours in the car with my 11-year-old son \u2013 a day of good chats and dodgy servo snacks.\u00a0<\/p>\n

Priceless!\u00a0<\/p>\n

As we drove out the farm gate, we passed what used to be golden paddocks where sheep would graze and old blokes would give you a dusty nod from the top of their tractors.\u00a0<\/p>\n

Now?\u00a0<\/p>\n

Sardine tins. Sold at caviar prices.\u00a0<\/p>\n

The northern fringe of Melbourne \u2014 where we live \u2014 is growing faster than my inbox after a long weekend. But the roads? Still the same goat tracks, just with more SUVs and road rage.\u00a0<\/p>\n

As we hit peak-hour gridlock, my son let out a theatrical sigh.<\/p>\n

\u201cPerfect,\u201d I said. \u201cMore time to read election billboards.\u201d<\/p>\n

We passed Clive Palmer glaring down at us blowing his own trumpet.<\/p>\n

\u201cIs that our version of Donald Trump?\u201d my son asked.<\/p>\n

\u201cSort of. If Trump was raised on talkback radio and meat pies.\u201d
<\/strong>
As we snaked our way down the highway we passed billboards of \u2018dead-eyes\u2019 Dutton, and \u2018tiptoe\u2019 Albo. Seriously, these two have all the charisma of suburban accountants debating depreciation schedules.\u00a0<\/p>\n

\u201cAll the billboards mention the cost of living\u201d, remarked my son.<\/p>\n

Spot on, mate.<\/p>\n

And the biggest cost? The roof over our heads \u2014 rent or mortgage. That\u2019s where the squeeze is.\u00a0<\/p>\n

Australian homes are now some of the least affordable on Earth. And to afford them we\u2019ve racked up world-class debt. Back in the mid-2000s, the average house cost four times the average income. Now it\u2019s more than eight.<\/p>\n

It\u2019s clear that we\u2019ve priced ordinary Australians out of their own neighbourhoods.<\/p>\n

So what are the bold economic plans we\u2019ll be voting for in the election?<\/p>\n

Well, Labor wants to slash deposits to 5 per cent. Which is as dumb as it is dangerous. Remember, the US subprime crisis was created by politicians making it easier for broke people to buy homes.\u00a0<\/p>\n

Not to be outdone, Dutton, the so-called economic conservative, is promising to allow first home buyers to raid their super and write off their mortgage interest.\u00a0<\/p>\n

It\u2019s madness.\u00a0<\/p>\n

Both policies are like turning up at an auction and handing everyone a suitcase full of cash. It doesn\u2019t make homes cheaper. It just lets buyers bid higher \u2014 and history shows they always do.<\/p>\n

And the result?<\/p>\n

It drives house prices higher. It drives rents higher.\u00a0<\/p>\n

It seems like both sides have designed their housing policies to fit on a highway billboard:\u00a0<\/p>\n

Big font. Feel-good slogan. Eye-roll logic. Paid for with borrowed money.\u00a0<\/p>\n

And in doing so they\u2019ve turned the great Australian dream into a financial trap. (Welcome, postcode povvos!)<\/p>\n

After a long day of driving we got the portaloo and made it back home. Yet I couldn\u2019t shake the feeling that our national housing plan was cooked up in the same aisle as the dunny bucket: cheap, flimsy, and bound to leak.\u00a0<\/p>\n

Tread Your Own Path!<\/em><\/p>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"

In the holidays, I spent $60 in fuel and tolls driving my thirsty ute across Melbourne \u2026\u00a0 \u2026 to save $30 on a camping dunny.\u00a0 True story.\u00a0 That\u2019s right, I literally burned more fuel than I saved \u2026 to buy a glorified bucket with a lid. (It\u2019s for a camping trip \u2013 hey, we\u2019ve four […]<\/p>\n","protected":false},"author":1,"featured_media":104158,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[96],"tags":[10055,11730,13177,4538],"dealstore":[],"offerexpiration":[],"class_list":["post-235749","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing","tag-barefoot","tag-election","tag-investor","tag-thoughts"],"yoast_head":"\nMy thoughts on the election \u2014 The Barefoot Investor - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=235749\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"My thoughts on the election \u2014 The Barefoot Investor - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"In the holidays, I spent $60 in fuel and tolls driving my thirsty ute across Melbourne \u2026\u00a0 \u2026 to save $30 on a camping dunny.\u00a0 True story.\u00a0 That\u2019s right, I literally burned more fuel than I saved \u2026 to buy a glorified bucket with a lid. 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