I was being sarcastic mate.
I think the only way to fix the issue of affordability for first home buyers & low income earners, is to stop investors purchasing properties under $800k. Anything under $800k should be restricted for the purpose of owner occupier. I simply don’t believe it’s fair and equitable in Australia, for those that just want to live a simple life outside of the greedy capitalist should be disadvantaged out of the dream of owning a house.
All investments should be ethically mindful of social, economic and environmental impacts. Property investment is blatantly negatively impacting low income earners and younger populations. Housing is a necessity. It’s can’t be used the way it is when it’s a basic essential. If shares are overvalued beyond sanity and someone can’t afford to buy a share, no drama’s life goes on for many, with no impact to anyone. Drive up prices on property is literally destroying people’s dreams. It’s criminal. It’s driving depression and mental health issues for too many people. Wish this arrogant, older, money driven population would hurry up an kick the bucket so basic needs in life can finally return to normal.
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