and may I ask why government housing construction would increase employment in the housing industry any more than housing construction payed for by private owners?
How many NEW homes are being built for private rental investors with the current NG benefits? Not many here in SA, they're busy snapping up the mortgagee sales established homes, that owner occupiers can no longer afford to buy. So not creating any relief on the pressure there. Just shifting the trend further from home ownership to rental, shuffling deck chairs so to speak.
One other point I've made here before, the first Govt housing project in the country was the SA housing trust. It's sole reason for being at it's inception? To house workers cheaply to attract business to the state, enabling them to pay lower wages. Not a charity organisation for unemployed, disabled etc, with a percentage of homes built for sale to workers. It worked, and along with that, set a low benchmark rental rate for the relatively small number of private rentals that existed then.
Had that path been followed through to today, I would imagine housing would be plentiful, basic 3x1 house prices would be stable around the 3.5x normal common worker's wage, rents would be 25% of the normal common worker's wage (note the use of "common worker" not the "average wage" which the "average worker" is well short of earning) and the rental income to the Govt would be far higher than it is now, keeping less than sufficient housing stocks, to house only those on heavily subsidised rents. It used to make the Govt money.
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Yes, I have an opinion. No you don't have to agree with it. Yes I do have a right to it.
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