A real fix is actually quite easy - but vested interests always try to get the real fix undone so they can make more $$ at the expense of others. The fixes have been in place before.
Bank lending limited to a fixed multiple of the average wage ( no distortions in this calc allowed - ie make it a policemans wage if you like or a nurses wage or a teachers wage ) of one person only.
People tend to forget that two income families play a big role in the increased prices now paid for homes...
Thank Germaine Greer. ah unintended consequences Germaine which includes many childless woman and also homeless woman in later life - well done - NOT.
Record low interest rates and relaxed lending standards plus fraud on stated income for lending applications all a part of the fire the govt adds to with handouts to fuel the fire.
The fire can be put out and the money put to better use elsewhere - only takes politicians with back bone to make it happen.... which is why we wait.
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A real fix is actually quite easy - but vested interests always...
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