Chapter 23 of "The Great Housing Hijack"

My Favorite Quotes

“The bypass strategy is akin to improving the housing outcomes on the Monopoly board, not by changing rules, but by starting another board game in parallel to give players more options.”

“Sweden’s ‘One million homes’ program… 1965 and 1974… Today, more than 20 per cent of Sweden’s housing stock is public housing, another 20 per cent or so is cooperatives, and 40 per cent is owner occupied.”

“... France, where 17 per cent of households live in public housing, which is 43 per cent of all renters.”

“The United Kingdom… from World War II all the way until 1980, the public sector built half the new dwellings…”

“In Poland, more than 70 per cent of households outright own their home with no mortgage.”

“... Singapore in 1965… Only 20 per cent of households owned the property they lived in… Thirty years later, the homeownership rate was an astonishing 90 per cent…”

“... the first goal of Singapore’s retirement system is to have all residents attain a fully paid-off home before they retire.”

“Today, only 4  per cent of Australian homes are public rental housing, and access to them is tightly means tested. And public housing is broadly stigmatised.”

“On the one hand, they are claimed to be dysfunctional or ineffective. On the other hand, there are long waiting lists and people want more of them.”

“The neediest households cluster in public housing because of the tight means testing. But more universal systems, like in Europe… minimise the problem.”

Find your favorite quotes. Book available at https://www.amazon.com/Great-Housing-Hijack-keeping-Australia/dp/176147085X.