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The housing crisis: how did we get here?


Lack of supply is the number one. Lack of political will as so much is invested in wealth creation by rising house prices. Unlike any other modern economy, ours would fail if we increased supply of houses, thus lowering prices, and the "Wealth" of those marginal voters. If the supply was good, competition would start solving the other problems. But that would need political will, and some brain cells, both in acute short supply.

Posted date

26 June, 2015

Posted time

9:50 am