tag:blogger.com,1999:blog-16601705.post112796058415989198..comments2022-10-08T17:04:16.269+11:00Comments on Housing Affordability, The Great Real Estate Rip-Off, and Entrenched Government Failures: Is household debt getting worse?Unknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-16601705.post-83681760083436447622007-11-19T08:02:00.000+11:002007-11-19T08:02:00.000+11:00I suggest control the cost of housing in the inter...I suggest control the cost of housing in the interests of the greater public good. Government bodies have their own valuers who run around assessing the 'market value' of properties for the purposes of raising land tax or council rates. I suggest a careful formula be worked out which uses CPI, wage inflation, or some new indicator as a benchmark which should cap asking prices for housing. This may sound draconian (although a lot more draconian things have happened in history), but it is one way out of the morass. The other option is for governments to build loads of price covenant protected housing on public lands, either for rental or for sale, and much like the social housing that used to be available on this basis before 'market forces' were allowed to dominate government thinking.Housing Affordabilityhttps://www.blogger.com/profile/17091467840417793857noreply@blogger.comtag:blogger.com,1999:blog-16601705.post-67766064341638682292007-10-06T11:35:00.000+10:002007-10-06T11:35:00.000+10:00What should a government do about private debt?Sub...What should a government do about private debt?<BR/><BR/>Subsidise it? That would mean the more careful, prudential people who have not amassed such debt levels are punished for the greed of others. Can you see how these less greedy people might object to that?Anonymousnoreply@blogger.com