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How is this not the standard view? (sh.itjust.works)
submitted 2 weeks ago by to c/politicalmemes@lemmy.world
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cross-posted from: https://sh.itjust.works/post/22864214

https://mastodon.world/@jeffowski/112860220580543291

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[–] 7 points 2 weeks ago (1 child)

In Australia we try with the supply side too. There are ugly-as-fuck housing estates going up all the time. The problem is there are no restrictions on who can buy, so investors, both domestic and foreign, buy up huge numbers of houses before aspiring home owners have a chance to get in to the market. It's fucked.

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  • [–] 1 point 2 weeks ago

    Merely building estates and houses is not a supply side policy to solve the problem, building houses is just the market ticking along.

    We have significant barriers to foreign investment in the form of additional duties and other taxes.

    The federal governments recent changes have made property investment less attractive.

    None of this has solved the problem, but perhaps these measures are part of a change in the long term trajectory.

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