The Government building social housing would be a last resort, the costs associated with repairs and rent arrears/evictions just balloons out massively, that was why they started building state housing suburbs and flats to keep all the repairs in one location.
But that brought about its own social problems, so then they started helping the private sector supply the housing with negative gearing and bond assistance, rent assistance etc.
You only have to watch a t.v programme where someone in social housing is complaining about the mess it is in, as though the mess fairy came in the night and wrecked it.
Pre election all parties say they are going to supply more social housing and it never seems to happen.
It's a coastal town 1hr from Melbourne, with good road and rail transport access, simple logics really.
Even the trendy suburbs can have bad areas, in the 1970's I lived in the Battle Street flats in Mosman Park Perth, it was a State housing war zone. The State housing sold off the flats and changed the street name to Murray Avenue.My grandparents were forced to live in the most run down crime ridden part of Brisbane where only people with no other options were forced into.
They took the worst jobs and worked tirelessly and started buying all the houses that nobody else wanted in the street. They then turned them into flats, businesses and thriving communities.
That suburb has now been for some time now one of the trendiest prime real estate locations in SEQ full of elite rich hipsters, a thriving artistic community and massive investment in top tier units and office space.
QLD'ers guess the suburb.
Even the trendy suburbs can have bad areas,
New farm,?My grandparents were forced to live in the most run down crime ridden part of Brisbane where only people with no other options were forced into.
They took the worst jobs and worked tirelessly and started buying all the houses that nobody else wanted in the street. They (and people like them) then turned the forgotten derelict suburb into flats, businesses and thriving communities.
That suburb has now been for some time now one of the trendiest prime real estate locations in SEQ full of elite rich hipsters, a thriving artistic community and massive investment in top tier units and office space.
QLD'ers guess the suburb.
Holy crap, was it that obvious, what gave it away??New farm,?
Given this is a money oriented forum shouldn't house prices be irrelevant compared to affordability, employment rate etc
Agree fully, I said it here not long after I joined...I have learnt rather quickly there is a high correlation between what gets discussed on forums like this and what gets discussed on prepper forums.True, though I see more complaining, reminiscing and conspiracy fears than "money oriented" investment discussions.
Left Brisbane less than 2y ago and spent 20y based there.Holy crap, was it that obvious, what gave it away??
You sir are correct on first guess.
Maybe it could be a telltale sign that the western whole economy by all objective views is f***ed...Agree fully, I said it here not long after I joined...I have learnt rather quickly there is a high correlation between what gets discussed on forums like this and what gets discussed on prepper forums.
Many famous money gurus with huge public profiles and experience in share trading are the most vocal and extreme of doomsday thinkers.
I was shocked to be honest.
VAS??Maybe it could be a telltale sign that the western whole economy by all objective views is f***ed...
I wish one coukd tell you pit everything in VAS and you will make a killing
What other system did you have in mind, the western liberal system has proven to be the best so far, nothing else comes close. Are you talking about living a traditional indigenous way? Not enough land and to many people for that not to be a disaster.Maybe it could be a telltale sign that the western whole economy by all objective views is f***ed...
I wish one coukd tell you pit everything in VAS and you will make a killing
Vanguard Australian Shares Index ETFVAS??
The west from the 70s with elected representatives, not chosen by media or deep state, and were decisions are made by technically competent personnel, not narratives.What other system did you have in mind, the western liberal system has proven to be the best so far, are you talking about living a traditional indigenous way. Not enough land and to many people for that not to be a disaster.
Vanguard Australian Shares Index ETF
ASX: VAS
basically, an index etf on aussie share market..you buy, you get the fividends and travel to the Caraïbes..which are not overated...so if you can..go
I thought the 70's were an economic disaster with inflation, fuel shortages...etc.The west from the 70s with elected representatives, not chosen by media or deep state, and were decisions are made by technically competent personnel, not narratives.
What we used to call western democracies...
I said i wish I could tell you to invest all in VAS.That's a huge relief, when you said we're all going to be F'ed and to start investing in Vas I took it to literally and thought you meant Vaseline.
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