A discussion on QandA involved the problem Australia faces with housing affordability and the discussions ranged from negative gearing to accessing superannuation, the program also displays tweets that appear on the screen and one came up that I thought was very relevant “startups, startups, startups” I presume what the tweeter was referring to was simply good old fasioned demand and supply economic theory. There isn’t enough properties to go around, so there isn’t enough competition in the marketplace and there is no regulation on the prices dare I say it.
It would be fair to say that this applies to all aspects of the marketplace, for example Luxury cars down to second hand, demand and supply evens out. Well if this is truly the case with housing than why isn’t there a focus on creating more opportunity when clearly there is a demand, why isn’t more housing being created, with technology and architecture innovation these days we don’t have to clear more land, we can go up or reclaim old land, but for some unknown bizarre reason this is not being focused on at all, we seem to be discussing ways to change what we do instead of improving and making the most of what we do.
As housing is shelter, one of Abraham Maslow’s essential needs we need to put an empathy spotlight on property startups who promote new innovative space saving ways so we can have a fair playing field in the housing market, but where does the money come from, I’m sure we are big and brainy enough to figure it out, nonetheless we still need to put a spotlight on it and give this very important issue a chance to shine.
Take care and keep the faith 🙂
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