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So, if negative gearing is banned and all private landlords sell...

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Joannie

11,051 Posts.

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27/05/23

13:23

Post #: 67993998
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Originally posted by $$$$$$$$: ↑

Houses went from approx. 1.5x Average wage to approx. 15x Average,
All during the lifetime of 1 generation.

This was mostly done to Buy the "Boomers" Vote for decades.
At the expense of all other Australians.

With them no longer being the majority,
The new majority want affordable Housing.

Foreign Investment,
Negative Gearing,
Short Term Accommodation,
Must all be banned to have a chance of Affordable Housing.

Very Poor Financial policy Allowed this to happen....

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So, if negative gearing is banned and all private landlords sell up.
May I ask, who will provide rental accomodation?

I agree with you about foreign investment.
Short term accomodation is helping some to keep their homes though.

I feel it is important to think about the consequences of knee jerk reactions.
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