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this post was submitted on 03 Sep 2024
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This is exactly how I feel and about housing too
Yes, I totally agree. When I was young I used to think, if you've worked hard and bought yourself a little weekender or property to one day retire to, like some of my friends did, then good on you. But with negative gearing, stagnant wage reform, stagnant social security payments, the air bnb situation, and people owning not "a little weekender" but 10, 20, 100 properties, it's beyond a joke. Housing is a right and should never be treated like it isn't.
@PeelerSheila @melbaboutown Not to mention the way the outsize returns from property investment once you're rorting the tax breaks and negative gearing means it is sucking investment money out of the productive sectors of the economy, and thus hurting the skills base and our capacity to continue as an advanced economy.