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https://theconversation.com/4-ways-to-bring-down-rent-and-build-homes-faster-than-labors-10billion-housing-fund-205643>
"Treasurer Jim Chalmers is the first in decades to declare war on what he calls
the “pain of rising rents”.
His first budget, in October, and his second, this month, contained a suite of
measures designed to stop rents going “through the roof”. By far the biggest of
those – the blockbuster – was a A$10 billion Housing Australia Future Fund to
finance social and affordable housing.
If you think the idea of building a fund rather than building houses sounds
odd, you probably think the same way about the Medical Research Future Fund,
the Future Drought Fund, the Disaster Ready Fund or the $250 billion Future
Fund itself, which was set up to pay public service and defence pensions.
Those were all previous Coalition government ideas – the likes of which were
satirised by ABC TV’s
The Hollowmen which in 2008 came up with the idea of a
$150 billion National Perpetual Endowment Fund, created for no particular
purpose other than “to meet the future challenges of this nation”.
I can think of at least four things that would do more to restrain rents than
Labor’s $10 billion fund – and one of them would do it a lot quicker."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
