Letter: Our property market is grossly inflated and this is what needs to happen
‘What this country needs is a major economic stimulus package in the form of the building of public housing and where possible rented out on a lease/ buy system.’
Gympie
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Letter to the Editor
Do you realise that all true wealth comes from the earth; i.e. from ourselves, to our food, to our clothing, to our homes, and to our material wealth?
On the whole, Australia‘s true wealth has come from our agricultural industries and more recently from our mining industries.
It is because of this real wealth that our Federal Reserve Bank can print money [in part] by buying Federal Government Bonds.
One of the results of this money printing is a grossly inflated property market.
While we do need homes to live in, homes in direct economic terms, don‘t produce anything.
Regional news at the heart of our best journalism
What this country needs is a major economic stimulus package in the form of the building of public housing and where possible rented out on a lease/ buy system.
A.L. Haack, Pie Creek
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