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The Forum > Article Comments > Rich Uncle Albo’s shared equity nightmare > Comments

Rich Uncle Albo’s shared equity nightmare : Comments

By Graham Young, published 13/5/2022

For the worst-crafted, most ineffectual policy of this election campaign it would be hard to go past Rich Uncle Albo's shared equity housing scheme.

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Hasbeen, disagree as you would if was you and yours reduced to living in a roadside tent! Something I'd like to see and something that was common during the Great Depression for a lot of former hasbeens and where we are headed now.

Stamp duty must be abolished as promised, along with all other front loaded tax and land tax.

State governments need to cut their cloth to suit their budget, not front load until affordable housing (a human right) is just a memory.

It's the cost of urban land and all the parasite middlemen (commission sales people talking it up) that make housing unaffordable.

Their needs to be a pool of government money dedicated to low cost housing loans. With each house becoming a government asset that supports the credit side of the ledger so the pool simply grows and grows as homebuyers pay down their loans. Meaning more and more folk are able to buy into affordable (steel framed) housing.

And all with new immigration severely restricted, their employment better guaranteed!

I have no sympathy for loan sharks or rogue real estate investors price gouging homebuyers out of the marketplace. And would counter their callous practice with oversupply!

Oversupply would force the price of housing down and down, until every boy and his dog could afford to live in Christian dignity, in a home of their own! This would also assist and grow the economy as well as steel production here at home! and a win/win situation for all Aussies!
Alan B.
Posted by Alan B., Sunday, 15 May 2022 6:29:33 PM
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Sorry AB

I’ve been busy voting with bullets in Buffalo…long trip!

What was it you were saying?

Dan
Posted by diver dan, Sunday, 15 May 2022 7:30:50 PM
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