Why the $10 billion housing Australia future fund will not work

Whenever you crunch the numbers the Albanese authorities’s ‘housing fund’ is nothing greater than a cynical joke, a political stunt.

(Picture: Gorkie/Personal Media)

No matter vicissitudes the Greens could also be having internally, they’re doing God’s work taking Labor to process for the “$10 billion Housing Australia Future Fund”. Because the slogathon over this proposal continues, it’s value noting simply how criminally insufficient and cynical it’s.

It’s value noting the way it fails to handle actual housing wants, how desperately insufficient the protection of it has been, and the way way more advanced the questions of our housing issues are, than is absolutely being mentioned. It’s additionally value asking whether or not the Greens have managed to chop by means of of their opposition to this, or whether or not their wonkish facet has obtained the higher of them.

Let’s begin with what the fund isn’t. It isn’t a $10 billion housing fund, within the sense that “fund” is getting used about it. A variety of the horrible protection hinges on the failure of the mainstream protection to make this clear. The $10 billion is a capital sum socked away to offer revenue for housing.

Preserve studying concerning the non-housing Australia future fund.

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