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It's astounding sometimes to see the sheer scope of conspiracy theories people will invent just to avoid even considering building more housing.
by crooked-v 2y ago
It's astounding sometimes to see the sheer scope of conspiracy theories people will invent just to avoid even considering building more housing.
- edward28 2y agoThe problem is housing in Australia has been turned into an investment. The Howard government in the 90's gave houses only 50% capital gains tax, which puts it inline with stocks. This has led to rampant speculation in the property market and the idea the price can only ever go up.
- pan69 2y agoI wonder if there are numbers available on this. E.g, oversimplification, if 50% of the population owns 100% of the real estate would mean that the other 50% can't buy.
- lmpdev 2y agoLegal reform is still needed though Negative gearing must be scrapped and the capital gains tax wound back to pre-Howard levels The speculation on people’s shelter needs to end ———————— Reforms aside, I agree housing stock must lift. How we can achieve that with such pervasive red tape at the local government level is beyond me One fairly extreme capitalist approach (Japan’s) was covered in this great summary by ABC Australia (https://www.youtube.com/watch?v=R5pPcV54kiQ https://www.youtube.com/watch?v=R5pPcV54kiQ) I don’t think it’s a conspiracy theory to say that Japanification of the west’s economies is here to stay, and we need legal, economic and cultural reform to adapt to the changing needs of our housing The status quo cannot persist without great pain