''And that will end up as a massive cost blow out failure. Far cheaper to encourage investors. ''
it is mission impossible to get private enterprise to look after social and welfare housing
to even attempt to fluff around the edges of a dismally failed concept -
would require private enterprise to have a large rental stock book --------------- and stiff stiff stiff rules on long minimum time limits to hold their investments - AND a wack of capital gains tax on sale
and also hefty assistance for renters - AND that the large capital gains taxes on sale of residential real estate divert to low income non home owners
that's a wild wild bridge too far for Australia -------- a political impossibility
and other nations that do have such mechanisms ALSO have government welfare and social housing - mandated minimums
Oz is totally stuck with massive problems from decades of cancerous lack of care and proper thought about housing
