Chapter 24 of "The Great Housing Hijack"

My Favorite Quotes

“HouseMate gives every non-property owner Australian citizen the option to buy a home from a public provider at a cheap price.”

“HouseMate would be a parallel public homeownership system alongside purchase and rental in the private property market.”

“It creates a new system of property rules without directly changing the rules in the existing… property markets.”

“Sales of second-hand HouseMate dwellings will be limited to buyers who qualify to buy a new HouseMate home.”

“Since eligible buyers of a second-hand HouseMate home would also have the option of buying a new home from the system at a regulated price, this anchor prices in the second-hand HouseMate market and stops them from reaching the level of price in the private property market.”

“... requires buyers to live in their discounted public home for five years before selling…”

“Ideally, a HouseMate system would offer apartments in inner-urban locations, townhouses in middle suburbs, and detached homes in outer suburbs, and feature a variety of dwelling sizes and designs  to accommodate different household sizes.”

“Today, HouseMate dwellings would be expected to be priced at around $400,000 [AU$] on average.”

“Because every renter household has the option to buy a HouseMate home, they won’t be willing to pay such a high price to rent, since they now have a cheaper option… indirectly influence rents and prices in the private market.”

“I hope readers who have made it this far are convinced that there are plenty of places to build homes and that planning and zoning are not the problem.”

“... at a rate of 30,000 new homes per year, the peak cost is less than $3 billion per year.”

“... this is an extremely cheap program… public spending on healthcare in Australia is more than $125 billion per year.”

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