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- 26 March 2014
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In my humble opinion, the housing crisis is the way it is because the market is dominated by people who want to make the most money they can.
Investors, developers , real estate agents, banks, building companies et al all want the maximum profits and the consumer (home buyers and renters) are the ones who pay the price.
So the only way to moderate the situation is with the entry into the market of people who care less about making money, and more about solving problems and that basically means government whether local , state or federal.
Bring back the Housing Commissions of old to provide entry level accommodation to set people up while they increase their education and experience and move on to better jobs and better pay and can afford more up market housing.