<
https://www.abc.net.au/news/2024-07-04/derelict-homes-part-of-the-answer-to-housing-shortage/104051820>
Key quote:
"The problem with that is, when you build wealth, it always has to come from
somewhere, it always has to be at somebody else's expense, it doesn't fall
out of the sky.
"The wealth that people build with residential property comes out of
somebody else's pocket.
"It comes out of the pocket of somebody who needs a home, either as a tenant
or, potentially, as a first time buyer who's not able to actually buy
property because they're bidding against an investor."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
