It seems a good time to remember, in amongst the rhetoric of election campaigns that all parties will keep house prices where they are.

The way back to affordability is 10-20 years of marginal house price growth, to enable housing to come into line with long term trends. Fluctuations that are radical pose radical problems for politics. So they opt for the sustained. This is what I think Australia’s (and others) future housing comes down to the (continued) debasement of currency through broad (stealth) taxation.

What a game.

I suspect voting preferences will swing around the late 30s quite bad :-/

  • @maniacalmanicmania@aussie.zoneEnglish
    3•5 days ago

    The way back to affordability is 10-20 years of marginal house price growth, to enable housing to come into line with long term trends. Fluctuations that are radical pose radical problems for politics. So they opt for the sustained. This is what I think Australia’s (and others) future housing comes down to the (continued) debasement of currency through broad (stealth) taxation.

    Is this what you support or this you’re description of current policy?

    I suspect voting preferences will swing around the late 30s quite bad :-/

    Pardon?

    • @Christobootswiththepher@lemmy.worldOPEnglish
      1•4 days ago

      That is my read of the current policies. And political mechanics (no matter which party).

      If home ownership continues to drop at current rates, by 2030s there will be a majority of non-home-owner voters, who will swing the political sphere, as home owners have been doing.