October 10, 2008

Housing crisis beyond meaning

It’s been a long time since there has been much of a focus on affordable housing by the Federal Government. For many years, Government policy has been skewed toward housing as just another investment instrument, with tax concessions encouraging a speculative bubble which was great for many of those who got into the market and a disaster for those left behind. At the same time, State Governments have cut budgets and run down public housing stock, creating the situation today of interminable waiting lists and the spectre of homelessness alongside some of the wealthiest communities on the planet.

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