Ausfinance, the landlord bashing subreddit.

I don't know. My perception (and it could be wrong) is that a lot of intervention has taken place to ensure that house prices continue to rise.

In my life-time it hasn't been a free market experiencing unmanipulated market forces and instead the longer you have been in the game (and the longer you can hold out) the better off you have become with only minimal risk. Successive governments have bent over backwards to retain or increase value. It hasn't been like buying Apple stock in 1990 or whatever.

If having rentable properties is driving the price of a single dwelling above $1M, I'm not sure what tens of millions is going to achieve.

I don't think most people do think that a person with a rented dwelling is evil, I do think that it has created artificial scarcity, is part of the problem and further that they've been protected from traditional market forces.

/r/AusFinance Thread Parent