Housing Shortage

[onetrack]

The houses they build today are only good for twenty years, anyway. After twenty years, they're going to flatten it, and build two in its place.  😞

 

[spacesailor]

England , in the 60s ' poured concrete  ' , and " turned the key " in the door .

Of a full block of flats .

In just three weeks .

the floor's had heating wires in them , so no need for stand-alone heating .

It was a record at the time . 

No more horses on Derby horse race track ,( Derby races ) .

The pub was of course, The Grand National. 

spacesailor

[facthunter]

There's not much weight in a single story Wooden Frame. Where the frame goes is Made stronger anyhow. Water under the slab is a risk.  Buckshot gravel.  Nev

[onetrack]

An interesting angle regarding the housing crisis is going to appear next year. From July 1, 2026, every single "professional gatekeeper" involved in the real estate industry is going to fall under AUSTRAC money-laundering reporting rules.

From that date, Real estate agents, property conveyancers, lawyers and accountants, will all have to do "due diligence" during real estate transactions, and prove up their clients identity and source of funds, and report suspicious transactions.

 

Criminal gang money and bribe money has been invested into our housing market on a wholesale basis for decades, and it has seriously distorted our house pricing.

 

No-one has any accurate figures on how much money invested into Australian real estate is "black" money - but the cocaine trade in Australia alone is valued at $12B, and most of that money finds its way into Australian real estate via money laundering.

In addition, the criminal networks are not necessarily interested in good returns, they are just interested in legalising their illegal money.

 

It appears Canada, and Vancouver in particular, have a similar problem, and Canada is applying similar steps to Australia.

Another article points out that house prices here, are 30% above "fair value" and the consequences of that inflation is that it will need a 10 year plateau in house values, or a massive economic disruption to get them to down to "fair value" pricing.

 

https://www.watoday.com.au/business/the-economy/what-happens-to-house-prices-when-the-drug-money-tap-is-turned-off-20250627-p5mav1.html

 

https://www.watoday.com.au/property/news/how-far-house-prices-have-jumped-above-fair-value-20250620-p5m94j.html

 

Edited Sunday at 03:11 AM by onetrack
edited for clarity....

[spacesailor]

The first house in Toongabbie NSW .

Has made the record of $2.24 million .

spacesailor

[red750]

The house pictured in my post on Monday had all its roof tiles on by Thursday.