Photo: Developers are submitting DAs to demolish existing older blocks.CREDIT:RHETT WYMAN
IN the SMH today – 'Housing Crisis is Real and Here to Stay' - unless our Governments take control BECAUSE that would be in the interests of the majority ... wouldn't it?
https://www.smh.com.au/national/nsw/housing-crisis-is-real-and-here-to-stay-20230927-p5e819.html
WHICH Government led the House Price Boom? Which has led to this HOUSING CRISIS?
HOW many stories have we read about homeless people sleeping in vans or their cars who have been moved on by Councils?
YET rarely do we read of them being settled in alternative accommodation …
AND that's apart from those who resort to finding a place to rest their head … on park benches, or moving along in buses or trains …
CAAN has shared stories about those who have sold and come up against it too!
BECAUSE the SYDNEY stock for sale is limited … it's overpriced … the DEMAND is larger than the supply … and prices continue to rise … so Sydney sellers can find themselves priced out within weeks of their home auction … faced with exorbitant rentals … and resorting to searching for a home that is affordable in the regions … isolated from their friends and family … apart from experiencing resentment from their new neighbours ...
Downsizing to what? What is out there? A townhouse … an apartment with high fees … ?
Then may find themselves suffering serious illness …
RETIREMENT VILLAGES – a commentator has described as 'social monocultures with … controlling managers … ' That's apart from eating up the family inheritance ... what of the future for our families? Will there be no let-up?
DEVELOPERS - it appears are onto another winner - to demolish and wipe out existing inner Sydney housing stock for large luxury apartment developments for the wealthy … and overseas buyers ...
"Sydney councils bid to halt demolition of old housing for luxury apartments"
BECAUSE these luxury developments wipe out the existing housing stock! Locking out the former inhabitants ...
https://www.smh.com.au/national/nsw/sydney-councils-bid-to-halt-demolition-of-old-housing-for-luxury-apartments-20230921-p5e6l7.html
IT appears that Sydney Councils are leading the way because they are aware of the HOUSING SHORTAGE, and in touch with the needs of those on low incomes … even those on high incomes are scratching because they are paying $1000 plus a week to rent an apartment!
WILL our governments follow this action by Councils, and step in and put a 'FREEZE' on escalating house prices … because sellers too can find themselves priced out!
WHY are 'jumped up' sales reps controlling this market? WHEN it appears there are more disadvantaged people than those in 'The Mob' … ?
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