Chapter 8 of "The Great Housing Hijack"
My Favorite Quotes
“A political sweet spot is to sell policies that pretend to solve the problem of expensive housing but avoid the political cost of creating winners and losers due to the symmetry of property markets.”
“Price declines only happen as an undesirable side effect of declining macroeconomic conditions.”
“The political sweet spot is to ensure returns to property owners stay high – through price growth and market rental returns – while pretending to want the exact opposite.”
“Any politician who acts contrary to these incentives will simply be replaced, either by their party or by the electorate.”
“... no one really wants Australians to have cheap housing..”
“I’ll paraphrase their response: ‘We don’t want to devalue people’s homes.’”
Find your favorite quotes. Book available at https://www.amazon.com/Great-Housing-Hijack-keeping-Australia/dp/176147085X