Today's Grattan institute report is a great example of how easy solutions that are politically impossible can be: housing affordability is largely a solved problem #auspol http://www.abc.net.au/news/2018-03-04/housing-costs-hit-young-and-poor-nimby-development/9507198?section=business …
But the difference is that we currently provide enormous subsidies in Australia that encourage home ownership as well as disincentives to sell
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So property is a really attractive investment but there's a lot to lose from selling, which means that the supply stays low because people hold onto property whilst demand skyrockets because of the tax breaks
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Also, Australia has some of the most lax rental law in the world, renters have few rights which makes property an even more lucrative investment
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