Generations Ask Y is Housing a Speculator’s Paradise?
Monday, March 19th, 2007By Karl Fitzgerald
Crikey
If we are all borne onto this planet as equals, why are some subsidised to own the planet at the expense of others? Don’t we all deserve a roof over our heads? The right to participate in the Great Australian Dream? This is what Gen X, Y (& soon Z) are asking.
Why does Howard ignore these founding principles, preferring speculators profits over basic human rights?
Negative gearing gives over $2billion p.a to those already wealthy enough to own a piece of the planet.
Research by The Australian (26/02/07 - now only listed on Real Estate.com.au) found an existing 10 year supply of land in Sydney, Brisbane & Melbourne. Zoning approval for development on 155,000 lots is presently available. Why is nothing happening? (more…)