Greens schooled on housing markets


The fake left is up to its usual tricks of endlessly debating while it ruins the lives of the vulnerable it purports to care about:

A Brisbane Greens proposal to slap investors who hike rents with huge tax bills has been met with scepticism by economists and panned by the party’s political opponents.

…Cameron Murray, an economist specialising in property and urban development, said limiting the amount rents can be increased by while protecting tenants from evictions is a “sensible” response to the housing crisis.

…“It’s not clear how you set up a replacement tenant when the maximum price you can charge is below the market rent that people are willing to pay,” he said.

…“There is an incentive for side payments, informal arrangements that are higher than the regulated rent.”

Fabrizio Carmignani, an economics professor at the University of Southern Queensland, said while he understands the intent of the Greens proposal, it’s unlikely to solve the issue.

…“The rental crisis that we’re facing is essentially due to the mismatch between demand and supply. So … I’m not entirely sure that this is the best mechanism from an economic point of view.”

Yada, yada, yada. On it drones with its primary school level economics debate.

There is only one solution to the housing crisis: cut wildly out-of-control immigration. It is the cause and the solution.

But, if you refuse to acknowledge the real cause, like The Guardian:


Immigration – because there are many desperate to hate – must be treated with extreme care by politicians and journalists, and certainly with more care than Abbott seems capable. The inherently racist parties will seek to use any discussion and any seeming evidence of the negative impact of migrants as fuel to burn their fires of hate.

Then everything you say is virtue-signalling bullshit.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.