This has to be a joke, right?
The Age: Review for house market
THE federal and state governments are moving to ease the pressure on house prices by commissioning a review of factors curtailing the supply of new houses and artificially pushing up the demand for housing.
They should pay me to head the review, or my 7 year old son who clearly has a better grasp of supply and demand than either the Victorian and Australian Governments.
Problem is two fold:
-not enough land available for housing
– builders artificially restricting supply to keep prices up even when there is land (this was particularly so in WA)
Both restrict supply in a market that due to natural and artificial growth (specifically immigration) has a never ending upward trend in demand.
Land is like water in many ways: we lack in neither, but the supply of both is restricted by Government action, or inaction as the case may be.
And no Government in this country is going to change a thing, because the moment house prices start seriously coming down due to an increase in supply, every man and his dog with a mortgage or who already owns a house is going to be beyond pissed, and politicians don’t risk that many votes.
The best rule of thumb when engaging others in discussion is to treat them the way you want to be treated – with respect. No one likes an internet bully hiding behind a computer.
thanks for sharing
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