Housing Affordability - What's to be done?

[Paddo Colt 61]

If you had said back in 2000, that an ordinary house house in the inner west (say Canterbury) would cost seven figures in 2022, the listener would would be amazed yet here we are, that's the reality and how did it happen? What is the reason that a generation who don't have the Bank of Mum and Dad will never be able to afford to own a home even if the option is to move to the boondocks and drive 50K or so to work? It's a calamitous situation. Releasing more land isn't the answer, even longer commutes, and adjusting things like stamp duty is just fiddling at the margins. The waiting list for State provided housing is now over 100,000 people and moving to the regions is now also illusory. In the Southern Highlands where I have a residence, houses (villas) are now around the $1M+ mark.

The NSW Greens have just released a housing policy which proposes a 4% tax on mega price homes - those worth over $10 million, and another tax on property portfolios of 6 properties or more. The idea is that the rich who reap the tax free benefit of a $10M+ sale should be forced to contribute to the cost to the community of building critically needed low cost housing. As usual, we the ordinaries, pay the cost of services - road and rail links.

Of course those who benefit most will roll out the ridiculous "pensioner" disadvantage example as if there are $10M+ "pensioners" in danger of having to eat pet food. Yet, as we see among our fellow Rooster fans, there are some who, while lauding the ANZAC myth of the ordinary bloke saving us and/or professing Christianity, are uncaring of the prospects facing our newer generations.

Are the Greens onto something? Will their policy get traction?

[Andrew Walker]

You will own nothing and be happy.

https://m.youtube.com/shorts/aztvWxRKqDQ

[King Salvo]

Ah yes another Maxist-Leninist policy from the watermelon party - their only solution to all perceived issues is to tax the rich and corporates.

What happened to their original plan to have a land tax on all properties whether residential or commercial including vacant land and car spaces etc with no general threshold . ie all will pay land tax.

Absolutely Zero chance of getting traction

People need to look outside the square/box as they say and realise that you may not be able to live close to where you work - it is not a rite of passage so to speak.

Depending on one's job remote working should be the norm not a privilege enabling folk to live anywhere as long as they can do their work and keep in contact i.e by teams or zoom

I have been working from home since March 2020 and there is no real need for any of us to go back to the office

Go west as Horace Greeley somewhat said. - even north or south

[Paddo Colt 61]

[QUOTE=King Salvo;
Absolutely Zero chance of getting traction

Yes I fear that you're probably right given the general apathy about just about everything. Why do you think so many ordinary people are so easily persuaded to let go a targeted tax on family home capital gain when is so obviously a sop to wealth in the same way that they did re Mining super profits tax and the franking refunds on no tax payable? The forelock tug? Ignorance. The MSM, owned and operated by the 1%, will obviously claim that the policy is the thin edge of the wedge as they always do but. in a perfect world.............

[Paddo Colt 61]

[QUOTE=Andrew Walker;n971964]You will own nothing and be happy.
https://m.youtube.com/shorts/aztvWxRKqDQ

Dare to dream Count. Though it's a plan, it's hard to see - not much trumps avarice.

[Rooster1908]

or they could simply get off their asses and have a go.

[A Country Member]

Dare to dream Count. Though it's a plan, it's hard to see - not much trumps avarice.

I’m Count

[A Country Member]

or they could simply get off their asses and have a go.

And get a better job

[A Country Member]

I drive around and see endless housing developments. Much of which is high density housing where there was once one or two dwellings. Before these houses were bulldozed, they once were home to much larger families than what is common now.

Why is that?

People now live in much larger houses than what they need and often have more than one abode, as a few on here like to remind.

Despite the numerous options, people want to be more lonely. While others live in their car

[Rooster1908]

I drive around and see endless housing developments. Much of which is high density housing where there was once one or two dwellings. Before these houses were bulldozed, they once were home to much larger families than what is common now.

Why is that?

People now live in much larger houses than what they need and often have more than one abode, as a few on here like to remind.

Despite the numerous options, people want to be more lonely. While others live in their car

While others live in a house and don't have a car . So what's your point .

[Rooster1908]

And get a better job

Or in your case get a job

[Jacks Fur Coat]

I’m Count

You sure are. I use the same pron. as the second syllable of your full Monica. I assume Paeddo Cult does too.

[A Country Member]

Unlike both of you suckholes, I don’t pretend to be otherwise.

Bunch of Davo’s

[A Country Member]

Once where a house stood on a quarter acre block that was home to a family of 5 has now been subdivided into medium density housing consisting of 4 townhouses, each with the same amount of bedrooms as the original house.

Units here, high-rise apartments there, new buildings everywhere but still a lack of affordable housing and skyrocketing rents. There seems to be an abundance of abodes but why isn’t there enough to satisfy demand?

Is it because people choose to live by themselves? In larger homes than they require? Have multiple residencies?

[mightyrooster]

I worry how my kids will ever afford to buy the ‘great Aussie dream’. Our house which I bought 25 years ago when single is now worth about 9 times what I initially paid for it. I could never do the same in today’s housing market. They may have to wait until I and the other half cark it