Housing crisis? Alan Kohler blamed John Howard for allowing CGT-free on own house.
Shorten wanted to curb negative gearing, and voters 'shot' him down.
So hence we get an impasse, because it is a political time bomb to touch/address it.
So nothing can be done- housing supply can never enough because most want to live closer to metro, which can't be cheap because there isn't enough land.
Plus I tell you something else.
Introducing a housing crisis by pushing property prices down will be a big blow for our big banks as their assets are largely residential loans collaterised against those properties. They won't want property prices to be cheaper...it is a slippery slope.
There are cheap properties available in some places, except that those are not where people want to buy.
So all people can do is whinge....instead, people should place the onus on themselves to work towards it. Get creative.
