Wanderer , 1 year ago

Until the government does something of the following nothing will change:

LVT

Buy large amounts of low density land and build high density with public transport. Even if the work is outsourced.

Build a new city.

Give first time buyers a one off monetary exchange to buy a house/ exceptionally low interest rate mortgages.

That’s only going to happen when people vote for it. Otherwise people and the economy will be caught up in non value adding wealth. I hate the Communists on this website so don’t get the wrong idea here, but the wealth held in land and housing is largely valueless as it adds nothing it’s just have value because of scarcity. That scarcity needs to be broken.