aquascoot wrote on May 16^th, 2022 at 8:32am:


Despite your obvious paranoia of those smarter than you and your childish one size fits all solution to everything (that just happens to match your ideology 100%, not reality) you're starting to get there.  You've at least identified the supply issues even if you've peppered the "scam demic" throughout your posts...

So let's see if we can extract your solutions from this mess you've posted.  You want to cut some areas of the public service and welfare in order to build more home to increase supply?

Those areas being anything Labor appears to actually take seriously like Worker safety, the environment, a safety net for the people etc.

Ok, but how would cutting funding in those areas help the free market build more homes?

Unless you're suggesting more public housing or a fleet of public servants building homes?

Interesting, but I can't see you actually wanting that.  You've been more willing these years to see people die than your money going to things, like welfare, that you don't believe in.

We need a 2 pronged approach, one to help in the short term in the most efficient way possible to get more affordable housing and then address a more long term view of the issues that have created this mess at the moment.

The Libs and Nats have let slide that the housing market is a safe investment option.

And that's their problem.  They see housing as a financial market, not as HOUSING!

They've tailored their current announcement with the specific goal of lowering the impact on house prices.  They're worried about the market before the people having a roof over their heads.

And they're doing it by pushing people closer to poverty in their old age while at the same time giving people who are already in that age bracket, like them, tax breaks to sell their larger homes that first home buyers are unlikely to be able to afford anyway.

Their two solutions won't even come close to addressing the issue and in fact be worse for housing affordability and supply than them doing nothing.

Doing nothing is tipped to see a 10-15% drop in house prices over the next 12 months.

Scomos scheme looks OK at first glance, however the likely scenario, as pointed out above, is that housing prices will increase and no one will be any better off. Maybe if housing prices were capped this could work but that is not going to happen.

Captain Nemo wrote on May 16^th, 2022 at 1:50pm:


Scomo's plan would contribute on average 8-16k only on average super levels.

Captain Nemo wrote on May 16^th, 2022 at 2:09pm:



theres a hole in your bucket, dear labor, dear labor

Gordon wrote on May 16^th, 2022 at 12:49pm:


Paul Keating (the grub who introduced Uni fees in Australia) himself originally came up with the idea of accessing super to fund a property deposit. In fact the hypocritical Keating himself took that policy to a Federal Election!

UnSubRocky wrote on May 16^th, 2022 at 3:20pm:


Are you swishing about?

Belgarion wrote on May 16^th, 2022 at 1:23pm:


This very issue was discussed at yesterday's Liberal Party Election Launch in Brisbane. Less than 100 000 First Home Owners applications go through the books each financial year (this was the approx figure under a very low interest rate/flexible financial provider lending rules regime). That figure will drop even more now that interest rates have gone up and lending criteria has tightened.

This initiative is hoping to keep that number at around 100 000. In short it's making sure First Home Owners have some extra help to get over the line. 

(Please don't ask me what I think about the idea. Let's just say I'm very critical of it but not for the reasons you've given ie raising prices in real estate). 

UnSubRocky wrote on May 16^th, 2022 at 3:36pm:


Ah.

Unfortunately....I am getting super cynical with every passing year. I'm seeing Labor leaders running with Liberal policies/Liberal leaders running with Labor policies to a Federal Election.

They must both think we're blooming fools not to notice this.

God help us all. We've got idiots running this country.