Why blame immigrants and investors for unattainable housing?
Everyone there is a news article on Facebook about the housing crisis or spotlighting a property investor’s success, all the white Australians on Facebook comment and blame greedy property investors, immigration, and foreigners.
I’m genuinely curious to understand why blame everyone else but themselves?
Housing prices are set by the market and if an investor offers more than a first home buyer, why blame the investor for being greedy?
Yes investors use RE as a tool to make money and wealth. They also provide housing for renters. Morally it can be seen as unfair that Jack Chan has purchased his third IP because his offer was greater than Peter Jones. But it’s an open market and everyone is on the same playing field. All Peter Jones had to do was offer a higher price.
Can’t afford it? Go out somewhere more attainable. Less bedrooms, only one bathroom etc.
Thoughts?
And yes, I have pointed out it’s the white Australians who comment negatively. Will never see an Indian or Asian or Arabic name comment negatively.
Posted Dec 15, 2024, 5:13 AM UTC