As I have said many times before, public discussion should be governed by some fifth law of thermodynamics that triggers spontaneous combustion in the hypocritical, malreasoned and oxymoronic.
If it were so, the fake left would be entirely depopulated. The Guardian useful idiots are at it again:
The Coalition and the Greens have decided to throw the kitchen sink at Help to Buy, with objections that capitalise on frustration about lack of affordability.
The political debate has nothing to do with how many places there are in the scheme (10,000 a year), how many will be taken up, and the precise profile of participants. It has become a symbol.
For Labor, they are the blockers and we are builders. For the Coalition, home ownership should be wholly and solely for the individual not the government. For the Greens, only bolder solutions can help renters and begin to unwind poor affordability…
The Coalition has hinted at carrots and sticks for states and councils to build, build, build but details are nonexistent.
After this week, let’s have no more fake fights about this one bill. Another push to legislate Labor’s 2022 pledge must eventually give way to new policies for 2025 and beyond.
What might they be?
- We can’t build more dwellings. Private construction is paralysed by cost input inflation driven by public construction.
- Tax reform won’t be anywhere near enough and risks making the rental crisis worse.
- Rental price caps will make the rental crisis worse by crashing construction.
- Liberating credit for FHBs only inflates prices. Ditto all demand side measures.
The ONLY answer that works is slashing mass immigration to allow supply to catch up to demand but The Guardian won’t even use the word.
It is literally the case that the fake left would contribute most to housing affordability by cancelling itself entirely.
