Mmastodon BusinessReal Estate first seen 1 d ago, last 22 h ago, peak #10
Leader's conflicting housing promises spark scepticism
Original: “In January he told his cabinet [it could be AUS, CAN, NZ or ???] that he wanted to make # houses more affordable, but a
A national leader reportedly told his cabinet in January that he wanted to make houses more affordable, while also aiming to drive housing prices up for existing homeowners. Critics say these two goals are contradictory, with one commentator coining the term 'cakeistocracy' to describe a government promising both cheaper homes and rising prices. The remarks are fueling debate over whether governments can genuinely deliver affordability without hurting the wealth of existing owners.
Why now: Housing affordability is a live political issue and the contradiction between helping buyers and protecting owners' equity strikes a nerve.
Evidence
- “In January he told his cabinet [it could be AUS, CAN, NZ or ???] that he wanted to make # houses more affordable, but also “to drive # housing # prices up for people that own their homes”. A # government that could do both would be a true cakeistocracy.” What happens when… · peterrenshaw@ioc.exchange · 4
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