Question
The possible solutions to the housing affordability crisis?
Housing affordability has reached crisis levels in Australia. It is believed that buying a house will be out of reach for many people until they hit the age of 40, and that even for people on relatively high incomes owning their own home is a distant prospect. The cost of renting has also increased significantly. I want to know about the possible solutions to the housing affordability crisis. And how the The Federal Government can do to solve the problems. Thanks for answering~^^
2 years ago - 2 answers
Best Answer
Chosen by Asker
Put a cap on greed. (It's happened here in CA too and we're now on the downswing.) I don't think the government should fix what insatiably greedy individuals created. Why should all the tax payers have to bail these folks out? Too bad - so sad because soon it'll collapse on itself.
by kessie
2 years ago
Asker's Rating: 
Other Answers
I don't think that we can rely on the federal government to fix the problem of rising house prices. If you really want to be home owner than there is no time like the present to save all you can for a 20% deposit and get in the market. Good luck =)
by Comp help needed!- 2 years ago