One solution to the housing crisis has been raised over and over again for years: building more social and affordable housing. But it doesn't seem to have happened yet.
That’s because real estate in Australia shifted over the past 30-something years from housing to an investment vehicle; building public housing ANYWHERE would result in nearby property values decreasing, and politicians don’t want to risk messing with any of that - so they just Conti to kick the can down the road.
Having spent 12-odd years in public housing in my youth, prior to my parents being able to afford to buy a home in the early 2000’s - I am acutely aware of the benefits public housing offers, and am devastated that fewer and fewer people will be afforded the opportunity we were given.
The problem is not that there isn’t solutions, it’s that there is zero political appetite to implement them.
That’s because real estate in Australia shifted over the past 30-something years from housing to an investment vehicle; building public housing ANYWHERE would result in nearby property values decreasing, and politicians don’t want to risk messing with any of that - so they just Conti to kick the can down the road.
Having spent 12-odd years in public housing in my youth, prior to my parents being able to afford to buy a home in the early 2000’s - I am acutely aware of the benefits public housing offers, and am devastated that fewer and fewer people will be afforded the opportunity we were given.