2) I think the vast majority of people want to own their own home, have somewhere to live when they retire, or something they can sell for some money and move to a smaller place.
There will always be a need for rentals. Moving to another city/state/town/country, etc, will require rentals so people can live. What I'm against is people owning MANY homes for the sole purpose of renting them. If you had a balance of people owning 1-3 homes, or people who rent their home out while they live somewhere else maybe for work or they retired. It would be ok.
When I was 20, just before I left NZ, I bumped someone I went to school with who had just bought his 7th house, he had quit his job because the rent income exceeded his day job and he was beginning to look for an 8th house. I'm not considering moving back to NZ as I have a family now, and looking at the prices I'm questioning if I can afford a house at all... Looking at the prices over the last 10 years, houses that wer 190k are now like 1.3 million...
3) Governments just building (or in this case not building) houses isn't the problem. Theres many government level issues to resolve. Absolutely fixing zoning laws, development laws, etc. 3 is a huge topic that could branch out into like 20 different things. I'm simply suggesting in terms of building aspect is taking some ideas from Singapore around the way BTOs are done and restrictions in place to prevent profiteering.
There will always be a need for rentals. Moving to another city/state/town/country, etc, will require rentals so people can live. What I'm against is people owning MANY homes for the sole purpose of renting them. If you had a balance of people owning 1-3 homes, or people who rent their home out while they live somewhere else maybe for work or they retired. It would be ok.
When I was 20, just before I left NZ, I bumped someone I went to school with who had just bought his 7th house, he had quit his job because the rent income exceeded his day job and he was beginning to look for an 8th house. I'm not considering moving back to NZ as I have a family now, and looking at the prices I'm questioning if I can afford a house at all... Looking at the prices over the last 10 years, houses that wer 190k are now like 1.3 million...
3) Governments just building (or in this case not building) houses isn't the problem. Theres many government level issues to resolve. Absolutely fixing zoning laws, development laws, etc. 3 is a huge topic that could branch out into like 20 different things. I'm simply suggesting in terms of building aspect is taking some ideas from Singapore around the way BTOs are done and restrictions in place to prevent profiteering.