Housing affordability

/Housing affordability

We win a gold medal!

If there were an Olympic gold medal for inflating real estate prices Australia would win most of the time. We have two of the five least affordable real estate markets on the planet — Sydney and Melbourne. We have an unfettered banking system that lends like there's no tomorrow. We have an abundance of cashed up foreign buyers [...]

Want to fix the housing crisis? Tax land

Brilliant article by David McWilliams from the Irish Times. Click here to read the article.

By | 2017-12-09T19:47:04+00:00 January 12th, 2018|Article, Economic problems, Housing affordability, Income tax, Land tax, LVT, Social problems|Comments Off on Want to fix the housing crisis? Tax land

What is Georgism?

A Christmas video that explains Georgism. [Thanks to Bryan Kavanagh for bringing it to our attention!] To see more articles from Bryan click this link. https://youtu.be/z6Ib0NnI_cw

By | 2017-12-24T12:56:59+00:00 December 25th, 2017|Economic problems, Georgism, Henry George, HGFA, Housing affordability, Progress and Poverty, Video|Comments Off on What is Georgism?

Victoria to get tax on unoccupied properties

The state of Victoria is to get a tax on unoccupied properties. The new tax, called Vacant Residential Property Tax (VRPT), is expected to raise around $80 million over four years and will come into effect on 1 January 2018. Click here to read the article.

By | 2017-12-08T16:21:28+00:00 December 12th, 2017|Current events, Economic problems, Housing affordability, Social problems|Comments Off on Victoria to get tax on unoccupied properties

Homelessness is the price we pay…

You have to love the outspoken Jonathan Pie. He is exactly right that homelessness is a disgrace and a failure of our national economic policies. Even in Melbourne we have 30,000 people on the waiting list for housing. Please watch this video and see if you don't want to fix the problem. [...]

By | 2017-12-08T19:20:34+00:00 January 10th, 2017|Economic problems, Homelessness, Housing affordability, Poverty, Video|Comments Off on Homelessness is the price we pay…

Vancouver makes housing more accessible and affordable

$10,000 per year tax on unoccupied properties Contrary to other taxes, taxes on land makes it more affordable and accessible. Take Vancouver, Canada for example — Click here to read the article. The city has placed a tax of $10,000 per year on unoccupied residences. The owners must self declare and if they lie [...]

By | 2017-12-08T14:02:47+00:00 November 12th, 2016|Article, Economic problems, Housing affordability|Comments Off on Vancouver makes housing more accessible and affordable

Henry George in The Economist

The influential journal, The Economist, recently wrote an excellent article on Henry George and land tax. The article was entitled "Why Henry George had a point". Click here to read the article. Nobel-prize winner Joseph Stiglitz is in favour of Henry George's policies because "Rich people tend to own a lot of land, poor people very [...]

By | 2017-12-08T14:21:47+00:00 November 3rd, 2016|Article, Economic problems, Henry George, Housing affordability|Comments Off on Henry George in The Economist

The prosperity paradox

Why advances in technology and productivity won’t make you rich. Preface to the book The Prosperity Paradox By Mark Hassed The science of economics today is in a very similar situation to the science of astronomy five hundred years ago. At that time it was believed that the Earth was a flat, stationary object in [...]

By | 2017-12-08T15:06:01+00:00 October 29th, 2016|Book, Economic problems, HGFA, Housing affordability, Poverty|Comments Off on The prosperity paradox