Another day in the smash and grab economic zone, another group with their hands out:
“Father of two Anil Vemula dreams of living in a house his family loves, but that has never seemed further away after the collapse of home builder Porter Davis.
Mr Vemula says he made sacrifices for three years to save up a deposit of $33,000 for a home in Tarneit in Melbourne’s west but has no idea if he’ll ever see that money again.
“We don’t know what to do now,” Mr Vemula said as he choked back tears outside Victoria’s Parliament on Sunday.
“We need help. We need our deposits back.”
Mr Vemula and dozens of other customers staged a protest on Sunday describing how their lives have been upended since the company went into liquidation last month, affecting about 1700 builds in Victoria and Queensland.
Protest organiser Mike Tarno estimates 800 families have lost on average between $30,000 to $50,000 and said many were left without insurance.
He is calling on the state government to set up a fund to support those families in the upcoming May budget and he wants better building regulations.
Many say they need financial and legal assistance to help them navigate their next steps, get their deposits back and gain access to plans.
“A lot of us are afraid to build now. It’s just not safe to build in Victoria,” Mr Tarno said.
Father Magan Sarna uses a wheelchair after being diagnosed with an auto-immune condition in 2020 and planned to build a two-bedroom Porter Davis home as motivation to keep up with his recovery.
The shift worker says it’s now painful for him to work so he is concerned about how his family will be able to save another deposit.
“Interest rates have gone so high, everything’s so expensive and it’s almost impossible to start saving again,” he said.”
Oh no, I took an economic risk in another country that didn’t work out. Please Australian middle-class, compensate me!
I mean fuck, we couldn’t find a white family that was also affected by this and the daily occurrences of builders going under now, and from the photos it looks like the protest was mainly imports, it’s Taj-neit after all.
Building apocalypse was baked in when they allowed companies to trade while insolvent during COVID, so this was always on the cards.
Considering Dan has had to pause infrastructure projects like the airport rail and looks like he got rebuffed when going cap in hand again to the Chinese recently, it’s unlikely they’ll get anything. Then again, never rule it out on some diversity grounds. My take is that they’ll let some of the smaller and mid-tier builders continue to go under, but if someone like Meriton is in trouble then it’s money printer go brr and CFMEU stand overs may continue unabated.
Also, cue shared home equity.
Anyways, in my opinion socialise the losses has become endemic in the economic zone now, so much so that everything is pretty much dysfunctional.
It would actually work out cheaper for Australia to build high rises in India to house these people instead of bringing them here (if you can get past one of the most protectionist and backwards countries to do business with in the world) but that would mean no profits mate TM and no cheap labour in the economic zone and GDP line would go down, not up.
Anyways, sob stories are accelerating noticeably. They’re also now migrants on temporary visas demanding NDIS access on the ABC while the ALP is spruiking strengthening Medicare. Taking in the world’s disabled people is the right thing to do, of course.
It’s going to be morbidly hilarious when Labor are the ones that destroy our ‘world class Medicare system” that’s already breaking, when it’s crush loaded with the third world and it becomes USA 2.0 (that appears to be the plan). The NDIS is already larger than our military budget and given the amount of kvetching over Pauline Hanson’s cartoon last week, a far larger problem.
Surf the Kali Yuga!