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Thumper's avatar

Hi Dr

When I heard you on a podcast last week I thought I had to set everything aside to go through your work. I feel like we are living in important times and I want to say I did my best but I know I can't do it alone.

Something you said during one of your interviews was that for the game of mates to be stopped it has to come up against a bigger game of mates and it reminded me of an article I'll link here.

http://savingcommunities.org/issues/landtrust/

It sounds like if we can't get reform at the government level yet then we should attempt to build an island of justice in a sea of injustice.

If we can't get 100% of the economic rents made common property then maybe we can get the large majority common on our little island in return for investors bankrolling the process with long term returns.

I have tried mapping the numbers with a spreadsheet and found that a developer using this model would be losing a moderate linear return for a much larger cumulative return in the long run with a 20-30 year crossover of the projections. I'll link this but I'd really like to know if you see any major problems with the model in the first link.

https://docs.google.com/spreadsheets/d/1fVR-uYp6WpG6DVwqZ-1sVf3Y0GAvA8GUKTK9PvciAU4/edit?usp=drivesdk

If you aren't familiar with it and you could find the time to share your insight I would be grateful. I'm looking for the checkmate move that spreads because it is a better game.

Not sure if your still in brisbane or your now in Sydney, I'd be happy to fly down to meet with you if this is a potential idea that could work and the right team built around it.

Your a legend

Tom White

Murwillumbah

0447805580

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The Emergent City's avatar

Love this! I was not aware you had put this proposal together.

I would be stoked if this could be actioned in the form you have described, however I have the two small critiques:

- Australia has largely lost the institutional capacity to build mass social housing that we once had. Appreciate that you're saying we should build that up again (and we should), but I'd like to see as much immediate action in the social housing space as possible.

- My city planning brain is loathe to consolidate social housing where it is cheapest and most convenient (govt - owned land) - instead of dispersing it throughout our cities and desirable areas with access to infrastructure. In my mind, we need to get to a state where social housing is evenly dispersed throughout our cities. Like in Singapore, we want everyone going to the same schools, building relationships with one another - being in each other’s lives.

With this in mind, what do you think of the following as an addition to your policy:

What if the Government committed to buying (x) percentage of all new housing developments in existing urban areas where more housing is desired? The government would purchase these properties off the plan and sell them / rent them at an affordable cost.

Say a developer proposes to build a set of ten townhouses in an inner suburb. The Government would then commit to buying one of those townhouses for the purpose of providing subsidised housing for those who need it. This would also give developers more confidence in knowing they have one less townhouse to sell.

Now expand this to the macro scale - feasibility for new housing would increase, cities would meet population growth in a more sustainable way, more lower-income workers would be able to live closer to their job etc.

Most importantly in the context of your policy proposal, this would allow the government to start creating social housing immediately, rather than having to build the institutional capacity of a major public developer.

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