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First Home Buyers Strike
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The Australian First Home Buyers Strike is a social media campaign launched in March 2011 that encourages prospective house buyers to delay buying real estate. The online campaign was launched in March 2011 by a land tax lobby group Prosper Australia. Prosper stated that it was a response to rising property prices and a means to warn potential home buyers of the moral and financial hazard of buying late into a property bubble. The strike was initiated in the public space provided by Action for Australians in their Campaign Ideas Forum, although GetUp! have stated that they "don't have any intention to run a campaign on the issue in the immediate future." The campaign was supported by Steve Keen, an associate economics professor at the University of Western Sydney, who said "first home buyers would be foolish to take out the huge loans now required to enter the property market." |
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