Comments on: Fixing politics: the housing affordability crisis http://www.crikey.com.au/2008/06/26/fixing-politics-the-housing-affordability-crisis/ now with extra source Sun, 12 Feb 2012 08:46:21 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Russell http://www.crikey.com.au/2008/06/26/fixing-politics-the-housing-affordability-crisis/#comment-9117 Russell Thu, 01 Jan 1970 10:00:00 +0000 #comment-9117 Before the last election Howard neatly defined his (and subsequently Rudd's) constituency with one comment, being, "the real tragedy would be for Australians to the see the value of their homes fall". This says it all. No pollie will tackle negative gearing, land release, concessional capital gains, or anything that could see prices fall. 60% - 70% of people fall into the category or buyers or occupiers, and this majority rule. Before the last election Howard neatly defined his (and subsequently Rudd’s) constituency with one comment, being, “the real tragedy would be for Australians to the see the value of their homes fall”. This says it all. No pollie will tackle negative gearing, land release, concessional capital gains, or anything that could see prices fall. 60% - 70% of people fall into the category or buyers or occupiers, and this majority rule.

]]> By: Glen http://www.crikey.com.au/2008/06/26/fixing-politics-the-housing-affordability-crisis/#comment-9118 Glen Thu, 01 Jan 1970 10:00:00 +0000 #comment-9118 Public housing is great but you would want one next door to you? Not on your life. How many public housing recipients actually spend the time to look after their publicly funded asset? Go for a drive around here and it's not hard to spot the housing commission house. Housing affordability is an issue but I really object to people getting houses and not look after them. As for rental assistance, that will only drive rents higher - just look at the child care rebate debacle. <br /><br />The only solution to this problem is for a massive correction in house prices but that in itself has grave implications. Rents have represent a decent ROI to the investor yet not cripple the tennant there by affecting other sectors of the economy (more money on rent; less money spent elsewhere) Returns for owners are crap and with capital grwoth in most areas slowing or going to negative, I saw one realestate add for a rental property for sale that started "amazing 5.5% return" Dickhead, I can get 7.9% with my online account. Everyone's to blame for the property fiasco and everyone's going to get burnt by the fall out of our narrow sighted stupidity. Public housing is great but you would want one next door to you? Not on your life. How many public housing recipients actually spend the time to look after their publicly funded asset? Go for a drive around here and it’s not hard to spot the housing commission house. Housing affordability is an issue but I really object to people getting houses and not look after them. As for rental assistance, that will only drive rents higher - just look at the child care rebate debacle.

The only solution to this problem is for a massive correction in house prices but that in itself has grave implications. Rents have represent a decent ROI to the investor yet not cripple the tennant there by affecting other sectors of the economy (more money on rent; less money spent elsewhere) Returns for owners are crap and with capital grwoth in most areas slowing or going to negative, I saw one realestate add for a rental property for sale that started “amazing 5.5% return” Dickhead, I can get 7.9% with my online account. Everyone’s to blame for the property fiasco and everyone’s going to get burnt by the fall out of our narrow sighted stupidity.

]]> By: Tony Papafilis http://www.crikey.com.au/2008/06/26/fixing-politics-the-housing-affordability-crisis/#comment-9119 Tony Papafilis Thu, 01 Jan 1970 10:00:00 +0000 #comment-9119 Does Ben own a home or is he a renter? If he is buying a home, then he is a dill for writing what he has. If he is a renter, then his envy of home ownership is undertandable but equally wrongheaded. Home ownership, even on the outskirts of big cities, is a positive for owner and society. Public housing is an undesirable necessity, not a virtue for government's to promote. <br /> Does Ben own a home or is he a renter? If he is buying a home, then he is a dill for writing what he has. If he is a renter, then his envy of home ownership is undertandable but equally wrongheaded. Home ownership, even on the outskirts of big cities, is a positive for owner and society. Public housing is an undesirable necessity, not a virtue for government’s to promote.

]]> By: Nic http://www.crikey.com.au/2008/06/26/fixing-politics-the-housing-affordability-crisis/#comment-9120 Nic Thu, 01 Jan 1970 10:00:00 +0000 #comment-9120 You've misquoted the Senate Report - that is looking at all housing, not just investment properties. The giveaway is in the reference to land tax. Owner occupied housing is land tax exempt (hence why it is referred to as a concession), but investment property is not. This is a major error, you should correct it. You’ve misquoted the Senate Report - that is looking at all housing, not just investment properties. The giveaway is in the reference to land tax. Owner occupied housing is land tax exempt (hence why it is referred to as a concession), but investment property is not. This is a major error, you should correct it.

]]> By: Will http://www.crikey.com.au/2008/06/26/fixing-politics-the-housing-affordability-crisis/#comment-9121 Will Thu, 01 Jan 1970 10:00:00 +0000 #comment-9121 This bubble in housing will burst the moment renters start moving in with others again. There are more people living alone than ever before, with one person house holds increasing. As soon as this decreases as people realising how much money can be saved by not living alone, plus the social benefits. More people in one house = less rentals needed = drop in price, but main stream politicians and media won't run it because if renters moved in with more two bedroom places holding two, three or four people, as it was thirty years ago, the house prices will collapse 30 or 40 percent, and a lot of peoples levearage on loans and credit cards will collapse as well, well and truly stalling the economy. This bubble in housing will burst the moment renters start moving in with others again. There are more people living alone than ever before, with one person house holds increasing. As soon as this decreases as people realising how much money can be saved by not living alone, plus the social benefits. More people in one house = less rentals needed = drop in price, but main stream politicians and media won’t run it because if renters moved in with more two bedroom places holding two, three or four people, as it was thirty years ago, the house prices will collapse 30 or 40 percent, and a lot of peoples levearage on loans and credit cards will collapse as well, well and truly stalling the economy.

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