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Often when people buy new house, they move into the new house...

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gs1368

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02/05/24

13:18

Post #: 73629927
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Originally posted by blueballs: ↑

Sure there has always been renters, there has always been investors etc etc

The point is are there more renters and is property being more and more owned by less people ie concentrated, the statistics all say yes

Hopefully your gran daughter gets an inheritance cause if she doesn’t she’s going to have a much tougher time of things than you when it comes to owning her own home

As to providing housing re tax incentives , then only allow incentives for people who are building and supplying new property not the 97% of investors flipping existing stock. Only approx 1 in 30 houses owned by investors is a new build ie adding to supply.
That being the case take the 10 plus billion a year from investors and use it for public housing or to pay the pensions of entitled boomers who won’t sell their big empty house they rattle around in for fear of losing what they think they are entitled to their bloody pensions

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Often when people buy new house, they move into the new house and lease out their old house. By renting out old house, they contributed to supply, Didn't they?
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