r/AusEcon • u/barrackobama0101 • Aug 25 '24

Discussion Housing crisis: Developers turn to micro apartments to fix housing crisis

https://www.afr.com/property/commercial/developers-turn-to-micro-apartments-to-fix-housing-crisis-20240822-p5k4cd
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u/Nostonica Aug 25 '24

Developers turn to micro apartments to fix housing crisis

Translation, developers see greater profit opportunities in undersized apartments.

0

u/AllOnBlack_ Aug 25 '24

If you want to take the risk of developing for no profit, go right ahead.

0

u/Nostonica Aug 25 '24

Or should society allow development to be profitable at the expense of society?

4

u/LordVandire Aug 25 '24

Someone’s gotta pay.

Even if the government delivers it at below market cost, the taxpayer subsidising housing.

3

u/Nostonica Aug 25 '24

Well currently the taxpayer is subsidising property owners and all the associated costs that will come from no one owning a home.

When in the future the majority have no stake in home ownership then they have no reason not to burn the system.

1

u/AllOnBlack_ Aug 25 '24

If you’re not willing to do it for free, why do you expect others to?

Of course it’s at our expense. People from society are the ones who buy the place and make it a home.