this post was submitted on 25 Mar 2024
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The whole concept of using super to pay for housing is identical to the approach that created the housing crisis — a neoliberal non-solution that deepens and extends the crises for the benefit of the wealthiest.
Kicking the can down the road by robbing from the future to satiate the greed and failures of both the past and present.
Every time I see these ridiculous solutions being proposed, I get so frustrated. My partner and I are trying to do the right thing, saving and not stealing from our future selves - but we're competing against these insane policies that do nothing but drive up the price even further.
We just met our original goal, but the cost of a home in our regional area has pretty much doubled since we moved back after giving up on Sydney a few years back now, so we're no further ahead.
We know the liberal party have been itching to do this for a while now. Scummo mentioned it in the last days before the election.
No doubt it's happening next time the liberal party gets in.
As if it isn't enough that they transfer tax dollars to established real estate owners, they will transfer super balances to them as well.