The Pub with No Steer......
Yes - I have discussed in another arena, such things as the fly-by-night culture in the coal seam gas exploitation industry, which on Insight on SBS I saw raised the spectre of $1000+ a week rents DURING construction time, and how local families could not keep up.
Well, the 'resources boom' benefits very few.. very few, and only the big boys in reality.
Also the cost of housing in a boom towns leads to boom town rats who pay big-time to own a house in a mining boom town that lasts not as long as the mortgage, and either sell on and get out early enough or lose the lot when the town goes ghost. And of course they are held hostage to the company store of owning/buying a home in town and needing the job which in reality does not pay them mega-bucks as a result of costs etc, meaning they can't get uppity at work and expect any Union or anything else rights. The New Serfdom writ large.
My argument was/is, of course, that companies seeking these mega-boom profits should provide housing.... subsidised or not.. for families etc - as well as training for workers so as to ensure an ongoing flow of qualified performers in the industry.
The whole thing is based on quick profit for the big boys - nobody else - the rest pay for the privilege of living in a hot, dry, dusty shlt-hole of a Third World economy in homes that will be worthless in twenty years when they have a thirty year mortgage......
Oh - sorry! Did I step on anyone's toes there? Then sit on it!
ADDS:- Can I corner the market on ghost towns? Must be a fortune's worth of them out there soon....all going for $100 a town.... kinda like that film Paris Texas.. where the kids says when looking at his dad's photo of his block of desert land - "Yeah - but what are we going to eat?"
AND ADDS:- The biggest single product of the mining boom is high quality bulldust, which is processed in the Canberra Refinery into high quality top export grade Bullshit! WITH a massive local consumption rate!