As we all know it's getting more and more expensive to buy a house, and the rate of growth currently associated with investing in a house is just phenomenal, and obviously too good to not be a bubble. We all know that. However, WHEN will this bubble pop?
More and more houses are being built but the demand for it just continues to go up. And many houses are bought and just left to sit there, not even rented out, fueling the problem further because investors just want a safe and profitable investment.
What do you think the governments can do to avoid this? Put a limit on houses per person? Your opinions?
This is a genuine problem everywhere nowadays not only in Australia. However this is not something that the government should restrict, like every other commodity or asset the inflation in the prices of houses as well. We cannot say that the only reason for the increase in the price of a house is because people are holding more than one or many at the same time.
The real estate is a business where you have to do this all and the investors in the real estate business are doing the right thing for their future. Also if someone is wealthy enough that he can afford more than one house I guess there is nothing wrong in it.
I dont think the government will play any such role like restricting it to one house per person.