When The House Stops Winning
6/3/202646 min
On The Money Café this week, Alan Kohler and Stephen Mayne discuss the housing market, the rise of One Nation, the AI bubble, plus listener questions on CGT changes and much more!
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First 90 secondsAlan Kohler· Host0:00
[upbeat music] Hello, I'm Alan Kohler, Editor-at-Large of Intelligent Investor, and finance presenter and columnist and podcaster for the ABC.
Stephen Mayne· Host0:18
And I'm Stephen Mayne, contributor at Intelligent Investor, founder of Crikey, and shareholder activist.
Alan Kohler· Host0:22
[laughs] And we are- And we are The Money Cafe.
Stephen Mayne· Host0:24
Alan.
Alan Kohler· Host0:24
The Money Cafe. Good day, Stephen.
Stephen Mayne· Host0:26
Lovely to talk to you, Alan. Where do you wanna start? I just read your column on the ABC this week about the budget.
Alan Kohler· Host0:33
Right.
Stephen Mayne· Host0:33
I think you... That was quite a, a sweeping, interesting piece. Why don't you start with telling us, uh, as the dust settles on the budget, what do you reckon the government is doing, and how's it going?
Alan Kohler· Host0:42
Well, I had two points to make in the column. It's always difficult to do a column where you're saying two things, [laughs] so... But anyway, I think I managed to weave it together. Which is, the first thing was that, um, uh, I'm starting to feel like we, uh, we, um, will see more affordable housing, that all the things that are being done, um, including interest rates rising, which is not being done for housing purposes, but interest rates have, are going up, uh, will als- will all combine to, uh, cause house prices not to rise for a while. But I, but, but the problem with that is that there is a dark side to that, which is what I pointed out, that, which is that a whole lot of people who bought, um, houses recently in the last few years, and in particular we're talking young families with, using a whole lot of debt, they did