Tuesday 23 February 2016

100,000 homeless, $22billion incentives for property investors - Australia

Fitch graph of housing price growth since 1997
Lieberals don't appear to give a shit about expensive housing. People paying huge mortgages or rents to keep a roof over their heads. As long as their investment properties are going up that's all they care about.

Since when did the primary reason for housing become investment? Housing is to house people. If it doesn't do that it's failing the population. If people make money on selling then good on them, but that's not the main reason for it.

And there's nop doubt that Australian housing is failing the population. As well as the Lieberals. In a double hit, there are 100,000 homeless people in Australia, 10,000 of them without sleeping rough. What an insult it has been for the federal gov to cut funding to services that provide assistance to these people, which is what it's been doing.

Meanwhile, $22billion of taxpayer's money goes as incentives for property investors.

  Fitch graph of housing price growth since 1997

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