22 July

I’ve worked with Michael Pascoe on a couple of things, a smart guy. Here he explains why the real problem with housing is that we stopped building public housing. We privatised the process of providing housing to poorer Australians, thinking ‘the market’ would provide for them. It didn’t, it made things much, much worse. As in the earlier article I posted today, the market pushes prices up, in all things. It’s a myth, unregulated things become profiteering, always. Nobody in the market wants to build houses that will drive down prices. Public housing solves this problem.