Friendly Jordies is wrong about the housing crisis

This is true but unfortunately admitting this would also mean admitting that the housing crisis doesn't have a simple silver bullet solution, that all of us are responsible for it and that fixing it is going to be painful - neighbourhoods and people's thinking will have to change, and of all we'll need to entirely ditch the entire idea of the "australian dream".

Most academic estimates of the impact of fixing negative gearing and the CGT will only bring property prices down by about 3-4%, and have almost no impact for renters. However, it's much easier to just rail on about one specific policy that the political party you like briefly supported changing, and pollute the discourse to avoid talking solutions that might actually do something.

/r/friendlyjordies Thread