05-25-2022, 01:55 AM
Not sure that the property holdings of particular MPs is relevant. It would be if they sought to advance policies that would benefit those holdings but remember that one of the policies Labor took to the previous election was getting rid of the negative gearing deduction. In that sense, they were acting contrary to self-interest (although we don't know whether they claimed that deduction) and in the public interest.
In any event, the idea that it would be in the public interest for individuals to limit themselves to owning just 1 house is a bit debateable. Young people also need rental opportunities and that generally requires investors to have 1 or more houses in addition to their own residence. Cut those investors out of the market and you have a rental crisis.
In any event, the idea that it would be in the public interest for individuals to limit themselves to owning just 1 house is a bit debateable. Young people also need rental opportunities and that generally requires investors to have 1 or more houses in addition to their own residence. Cut those investors out of the market and you have a rental crisis.