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Voting Green may be the greatest act of self-harm by a generation ever : Comments
By Graham Young, published 1/5/2025Why would a party whose voters are younger and disproportionately likely to rent propose policies that could see rents increase on average by another $83 per week, as well as seeing as many as 450,000 homes disappearing from the rental market?
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Posted by Steve S, Thursday, 1 May 2025 11:37:23 AM
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So let me get this straight - a policy that helped create the housing crisis is now supposedly vital to preventing it from getting worse?
Right. That's the central contradiction in this argument. Negative gearing has fuelled speculative demand, inflated prices, and helped turn housing into an asset class rather than a social good. It’s a key reason first-home buyers are competing not with each other, but with leveraged investors claiming tax losses on properties they never intended to rent affordably. And now, when reform is finally on the table - not even abolition, just moderation - we’re told we can’t touch it, or else a system that’s already completely shot might fall over? That’s not an argument for negative gearing - that’s an admission the market is being propped up by distortion. If your system relies on ongoing tax concessions to remain “stable,” it’s not stable - it’s dependent. And continuing down that path doesn’t prevent collapse; it just delays the inevitable while deepening the crisis for everyone already locked out. "But, but, Keating…" Keating Schmeating. What happened for two years in the mid-1980s under completely different economic conditions isn't a trump card for eternity. Even if you believe that moment was a mistake, using it as a reason to preserve the policy forever is like refusing to fix a leaky pipe because the last plumber used the wrong wrench. Conditions have changed dramatically and investor activity is now turbocharged. If negative gearing is now so baked into the system that removing it would cause a shock, that’s not an argument for keeping it. That’s an indictment of how far we’ve let housing drift from its actual purpose - shelter - into a playground for leveraged speculation. The solution to a fire isn’t more accelerant. Posted by John Daysh, Thursday, 1 May 2025 2:37:21 PM
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Good one John Daysh. There are huge injustices in the current housing status quo; and it’s the whole view of the status quo which offers a huge slice of the pie to the wealthy at the expense of everyone else in the mix of desperation that need the social good of affordable shelter.
Rent controls are overall ineffective in solving the rental crises, which is an offset of the affordable housing crisis; suggesting that option in time of voting, is a furphy confined to the Greens as a vote catcher. Below link suggests a housing crisis is unsolvable if left to Government controls: http://www.tandfonline.com/doi/full/10.1080/20514530.2019.1596455 Overpopulation from unrealistic and irresponsible immigration levels, is the main driver, but it’s not alone as a cause. There should be no (nil) Social housing offered to immigrants; it’s a root cause of public housing scarcity, and a main contributor to homelessness. Posted by diver dan, Thursday, 1 May 2025 4:01:02 PM
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When will so many people in Australia comprehend that all the problems faced by this society are solely & purely of Labor's making withe he help of all other Woke Leftist clubs ?
Give the Woke the flick & some normalcy interspersed with some common sense will re-emerge ! Posted by Indyvidual, Thursday, 1 May 2025 4:40:05 PM
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Take all churches and convert them to accommodation for homeless and vulnerable people in need of housing. Me thinks someone is worried that the Greens are going to retain their 3 Brisbane seats, based on their renters friendly policies.
Posted by Paul1405, Thursday, 1 May 2025 7:13:54 PM
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Bonger 1405
You really mean to say though, the Greens will plunder the fringe dwellers for their vote on the strength of a promise. How very magnanimous of them. Posted by diver dan, Thursday, 1 May 2025 7:51:59 PM
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Young people love the idea of rental-housing advocacies, which rail at the "injustices" of rental distress and homelessness. But anyone linking that to the 1.3m immigration over 2022-25 must be "racist". Under-30s welcome their poor employment and housing prospects wholeheartedly. They should be rioting in the streets.