Governments are trapped in a vicious cycle of housing policies and prices
- Written by Rachel Ong, Deputy Director, Bankwest Curtin Economics Centre, Curtin University
Housing has become a central pillar of our welfare system.www.shutterstock.comWhether house prices have been inflated by limited supply, or because of transfers to investors and homeowners, government policy is now trapped in a vicious cycle. The wealth accumulated in our houses has become a central part of the retirement system, and the...
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