44
Why Super for Housing is a Bad Idea - Purplepingers (youtu.be)
submitted 6 months ago by zero_gravitas@aussie.zone to c/australia@aussie.zone
20 comments fedilink hide all child comments

NOTE: Video sponsored by the ACTU

Key points

  • It would make house prices increase by more than the maximum amount people could withdraw
  • It would cost the government $1 trillion in the long run
  • It would leave people with $200k less in retirement savings
  • It would significantly affect the returns on all superannuation as funds would need to keep more cash reserves uninvested so it is available for withdrawal
you are viewing a single comment's thread
view the rest of the comments
[-] quicken@aussie.zone 1 points 6 months ago

That's just a stupid comment. You could take the 1 trillion dollars it would cost the Australia government and spend it on any number of things to make ownership easier.

[-] ada@lemmy.blahaj.zone 2 points 6 months ago* (last edited 6 months ago)

You could take the 1 trillion dollars it would cost the Australia government and spend it on any number of things to make ownership easier.

That's true. The issue is, they're not going to implement any of those ideas...

So people who can't enter the housing market remain fucked over, because the imperfect ideas that might actually get off the ground get set aside in favour of better ideas that will never see the light of day.

this post was submitted on 17 May 2024
44 points (100.0% liked)

Australia

3579 readers
131 users here now

A place to discuss Australia and important Australian issues.

Before you post:

If you're posting anything related to:

If you're posting Australian News (not opinion or discussion pieces) post it to Australian News

Rules

This community is run under the rules of aussie.zone. In addition to those rules:

Banner Photo

Congratulations to @Tau@aussie.zone who had the most upvoted submission to our banner photo competition

Recommended and Related Communities

Be sure to check out and subscribe to our related communities on aussie.zone:

Plus other communities for sport and major cities.

https://aussie.zone/communities

Moderation

Since Kbin doesn't show Lemmy Moderators, I'll list them here. Also note that Kbin does not distinguish moderator comments.

Additionally, we have our instance admins: @lodion@aussie.zone and @Nath@aussie.zone

founded 1 year ago
MODERATORS
lodion@aussie.zone
Fluid@aussie.zone
bestusername@aussie.zone
eatham@aussie.zone