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Someone should set up property trusts that own residential...

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grindstone cowboy

20,700 Posts.

117

17/09/17

16:44

Post #: 27273804
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Originally posted by donmath ↑

TRY THIS AS A WAY TO FIX HOUSING AFFORDABILITY.

Introduce a "Virtual House Personal FUND" similar to a SMSF arrangement for ordinary people.
Here is the catch: You can only make Authorized Payments out your fund for "personal renting purposes".
You could own a "Real" property or a "Virtual" Property.

This way the Population is more mobile... eg., You can move to a mining town to find work or change suburbs easily and not have to sit in a car or train for 2 hours every day. Australia simply can not afford this 'Sardines in a tin" "Public Transport" wrought.

After you have bought your "Virtual House" then your Superannuation Account would start filling.

Later you could buy a 'Real House' if you wanted to.

Probably this would fix the immigration problem as well.

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Someone should set up property trusts that own residential property, sell the units to retail investors, list on the asx so everybody even homeless people can get a piece of the action!
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