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Unfortunately it's been the policy of successive Australian governments to put "real estate investment" into the engine room of the economy. They didn't do it 1
by PickledHotdog 4y ago
Unfortunately it's been the policy of successive Australian governments to put "real estate investment" into the engine room of the economy. They didn't do it 15 years ago vecahse they didn't want to. It's going to be an absolute ball-breaker trying to unwind the whole thing, too.
If you limit it to 3 houses per person you'll get people buying houses for their three year olds (which already happens). It's an improvement, for sure, but it'll be rorted.
What we really need is 1960s Chinese Land Reforms
- Gustomaximus 4y ago> If you limit it to 3 houses per person you'll get people buying houses for their three year olds That's easy enough to rule against, much like they do with income shifting to children. > What we really need is 1960s Chinese Land Reforms Not really into violence. Also where has it landed them 60 years later? The best is sensible structural rules for the long term.