Letters to the Editor

Updated April 27 2017 - 10:44pm, first published April 26 2017 - 10:45pm

Always the same losers in the housing game

Housing that was once affordable on one basic low wage is now a struggle on two wages. What has happened? Well, the market was normal and fairly stable until two disasters hit the 'have nots' badly and continue to do so. Notably since the GST came in about 20 years ago, new houses copped a 10% slug on both materials and labour, and of course, established houses followed in this upward sucking vortex, turbo powered by money.  Also notably, since negative gearing 30 years ago, the rot set in. Nails in the coffin is far too mild of a term here. These two large swords, carving up the market between the have and have nots. These policies have had decades to bear fruit, but all is sour for the battlers.

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