Quote:
Originally Posted by Trump
The root cause of the housing affordability problem (and the rest of the economic woes) isn't negative gearing or capital gains related, nor is it about supply and demand. It exists along with the other economic maladies because the banks control the currency and not the treasury. Because as it stands, for every dollar in the form of cash, there are ten more that are credit-derived (any form of bank-sourced credit).
Sound money issued by the treasury and only the treasury (whether it be in the form of physical notes and coins, their electronic equivalent, gold and silver or a combination of all three) wouldn't allow the banks to issue credit hand over fist and fuel a speculators paradise.
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No no no no
It is entirely about supply and demand. Look at Sid-en-knee - we're full to the gills! There's no more viable land and what is available is down the Hume with rubbish infrastructure.
And yet, Gov-Co continues to allow people to settle there - up to 80,000 short-fall of people looking for a dwelling in the city last year. Add that to the existing back-log, plus he fact that there's so much money washing around looking for an investment, and there's your problem.
But you can't force people into settling away from where they want to live - that's called China, a command economy.
I don't know what the answer is...
