the possibilities in this new australian law are laid out here;

An Australian think-tank has proposed a radical solution to the supposed “housing crisis” – tax people for unused bedrooms.

The thinking is simple: There are many people, mostly older couples whose children have left home, living in family-sized homes with one or more bedrooms sitting empty. If the state were to impose a tax on unoccupied bedrooms, whilst abolishing stamp duty, they will incentivise those people to sell their family homes and downsize, thus freeing up homes for young families looking to buy.

But is that really how it would work?

Of course not.

What will happen is that newly incentivized sellers will bump up against hedge funds and private equity firms who are willing to pay 10-20% over market price. I covered this back in my 2021 article What’s REALLY behind the war on home ownership?

The incipient “Great Reset” is a multi-faceted beast. We talk a lot about vaccine passports and lockdowns and the Covid-realated aspects – and we should – but there’s more to it than that..............more.......