Wow what a secret. Rich people own the most homes, those rich people decide which other rich people get into government, and those rich people in government set policy. I wonder who the fuck that policy is going to benefit?
The dirty little secret that keeps Australian housing wildly unaffordable
Submitted 11 months ago by vividspecter@lemm.ee to australia@aussie.zone
Comments
Thordros@hexbear.net 11 months ago
Affidavit@aussie.zone 11 months ago
1.2 million houses over 5 years while planning to grant 1 million permanent visas in that same time period? While also making it easier to get work visas and massively extending the length of post-study ‘reward’ visas?
The unrealistic ‘aspirational’ goal isn’t even enough to cover the damage they’re causing with their irresponsible migration policies.
stifle867@programming.dev 11 months ago
No secret at all.
doctorcrimson@lemmy.today 11 months ago
I haven’t read the article and I’m not Australian but throwing a random guess out: isn’t there a political issue about the conservative liberals stopping the labor party from rolling out a low income housing program that has historically paid for itself before?
stifle867@programming.dev 11 months ago
Honestly, the Labour party is not truly interested in doing this. In USA politics (assuming you’re familiar with it) the left and right are further apart than in Australian politics.
We have the Greens party which is the left leaning party and the Nationals which are the right. Labour and Liberal are on opposite sides of the middle and they team up with the Greens and the Nationals (respectively) to make up the numbers.
princessnorah@lemmy.blahaj.zone 11 months ago
Labor* party.
vividspecter@lemm.ee 11 months ago
It’s more talking about regular private housing than public or social housing. Social housing itself is more of a semi-private thing too, and is more of a band-aid than a real fix.
Massive investment in proper government funded public housing would be one solution, along with a substantial improvement in renters rights. And the article is suggesting removing some concessions that encourage housing as investment, which would help and the public might accept (but previous elections have suggested otherwise).
bestusername@aussie.zone 11 months ago
Oh no, I happen to be old enough to have bought a house before the crazy got super crazy, is that the secret, time?
walter_wiggles@lemmy.nz 11 months ago
I read the article, but missed the secret. What’s the secret?
vividspecter@lemm.ee 11 months ago
Yeah, clickbaity title I know. But if you’re not being sarcastic:
I guess it’s a “secret” in the sense that government doesn’t talk about it so plainly, but not really a secret to anyone else.
rastilin@kbin.social 11 months ago
I didn't read the article yet and this is basically what I expected. Hardly a secret, and a fairly good summary. The economy is going to downturn anyway because people just can't afford the new housing. For a two bedroom anywhere with people, it's 650,000 and up. At that point you have to be married to someone who also works full time to have any reasonable chance of being able to afford the mortgage. At the average interest rate of 6% you're paying $4,100 per month, which is about the average pre-tax income (~$54,000 per year, so ~$1038 per week). Of course, that leaves very little wiggle room to save, and if either of you were to lose your jobs or the interest rate goes up, you'd probably default.
Taleya@aussie.zone 11 months ago
Yeah it pretty much just lists known facts, then ends with ‘someone outta do something!!’ Waste of pixels.
Nath@aussie.zone 11 months ago
The secret is there are too many beneficiaries to expensive houses to really move governments into fixing the problem properly. There are a Million Millionaires thanks to housing prices and they’ll be really cross if you go and make them as poor as the others.
It’s not really a secret, though. It just isn’t something spoken about in Parliament because it’s a huge hit button issue.