2 points | by vincent_s 14 hours ago ago
2 comments
Isn't Australia's essential housing problem a lack of actual housing, relative to would-be buyers?
If so, how would this help?
It doesn’t, it just allows people who otherwise wouldn’t be able to take on a massive mortgage to do just that.
Housing in Australia is cooked, tax settings and lack of oversight mean it’s basically an investment product that people can live in.
Any policy to reign in the silliness would crash the economy and smash a significant number of paper millionaires.
Imagine one of the geographically largest county on the planet having a “housing crisis” because investors need their interests protected.
Isn't Australia's essential housing problem a lack of actual housing, relative to would-be buyers?
If so, how would this help?
It doesn’t, it just allows people who otherwise wouldn’t be able to take on a massive mortgage to do just that.
Housing in Australia is cooked, tax settings and lack of oversight mean it’s basically an investment product that people can live in.
Any policy to reign in the silliness would crash the economy and smash a significant number of paper millionaires.
Imagine one of the geographically largest county on the planet having a “housing crisis” because investors need their interests protected.