Re:Baby boomers are becoming homeless at a rate not seen sin...
by Grimburger on Monday September 25, 2023 @07:49AM
(#37642276)
> because of unregulated capitalism
Where on Earth with a housing crisis is "unregulated capitalism"? It can take years simply to get development approval in Australia. If it's anything more than a single family dwelling get ready for a long lengthy process with hundreds of submissions, some even from suburbs over demanding it doesn't get built.
The entire system has been captured by vested interests who know how to drive their own unproductive asset prices up at the expense of society.
Where on Earth with a housing crisis is "unregulated capitalism"? It can take years simply to get development approval in Australia. If it's anything more than a single family dwelling get ready for a long lengthy process with hundreds of submissions, some even from suburbs over demanding it doesn't get built.
The entire system has been captured by vested interests who know how to drive their own unproductive asset prices up at the expense of society.