Why Super for Housing is a bad Idea
youtu.be
My first collab with Aus Unionshttps://linktr.ee/purplepingers

NOTE: Video sponsored by the ACTU

Key points

  • It would make house prices increase by more than the maximum amount people could withdraw
  • It would cost the government $1 trillion in the long run
  • It would leave people with $200k less in retirement savings
  • It would significantly affect the returns on all superannuation as funds would need to keep more cash reserves uninvested so it is available for withdrawal
  • Ada@lemmy.blahaj.zone
    2·
    6 months ago

    You could take the 1 trillion dollars it would cost the Australia government and spend it on any number of things to make ownership easier.

    That’s true. The issue is, they’re not going to implement any of those ideas…

    So people who can’t enter the housing market remain fucked over, because the imperfect ideas that might actually get off the ground get set aside in favour of better ideas that will never see the light of day.