Greetings folks,
As per the question, how does one get involved with a lobby group? Reason for the question is because like most, I’m tired of this property crisis and I really feel we should do what Canada did and cut off foreign purchasing to our real estate industry as this will bring down the pricing of housing and potentially even your rent.
Thanks
No, they want security in their equity; it is disingenuous to conflate the two
Na, @BillStickers is on the money. Security in equity is a good baseline everybody is happy to accept, for sure. But all you have to do is observe house owners subtle, but unmistakeable glee as they see their home values rise. ‘I got my home valued for $xxx,xxx’, isn’t an uncommon bbq brag after all.
For a lot of people, the family home is the only investment they have outside of super. They’re estatic as it goes up.
Don’t get me wrong, It’s unsustainable that house prices double every ten years when the price of money only doubles every twenty years. But whilst it does nobody wants to rock the boat.
How do you think so many people afford 80k+ cars? They use the equity in their property and only have to pay mortgage interest rates on it (over the mortgage term too,not a 5 year car loan). Not growing equity will mean they can’t get the 4WD, boat and pool of their dreams.
There’s a strong incentive for the landed gentry to keep the status quo.