A new Credit Suisse report says so. We discuss the many issues with this analysis, including ignoring the value of free public services. Also, the barney over Queensland's new land tax changes.
The Capital transfer system or Financial System is extraordinarily inefficient. By inefficient I mean the cost of moving ownership from one party to another costs a lot. For long term assets, like a house, the cost of moving ownership (capital) for most people is at least the cost of the house itself. We can do better. Here is one way using Community Capital with custodianship replacing ownership. In other words let us stop transferring ownership and transfer custodianship which has the same rights and responsibilities as ownership. https://kevin-34708.medium.com/permanent-housing-markets-a5d6e84e8619 - result "automatic" affordable housing as your housing costs change with your income.
Higher landlord costs won't lead to higher rents anymore than the 2 years of falling interest rates and falling landlord mortgage costs led to lower rents.
The Capital transfer system or Financial System is extraordinarily inefficient. By inefficient I mean the cost of moving ownership from one party to another costs a lot. For long term assets, like a house, the cost of moving ownership (capital) for most people is at least the cost of the house itself. We can do better. Here is one way using Community Capital with custodianship replacing ownership. In other words let us stop transferring ownership and transfer custodianship which has the same rights and responsibilities as ownership. https://kevin-34708.medium.com/permanent-housing-markets-a5d6e84e8619 - result "automatic" affordable housing as your housing costs change with your income.
Excellent article Cameron.
You may wish to comment on
https://www.researchgate.net/publication/362635231_AustralianHousePrices50Years
Good episode!
Higher landlord costs won't lead to higher rents anymore than the 2 years of falling interest rates and falling landlord mortgage costs led to lower rents.