Sydney to be transformed with new ‘micro-cities’ including high-density housing and commerce, entertainment precincts Large parts of Sydney will be transformed with ‘micro-cities’ that will leave some suburbs totally unrecognisable, in a bid to solve the capital’s crippling housing crisis.
A housing crisis that the government has created through a concerted effort these last 21 years.
Solution, sell the land to foreign investors to keep lobbyists happy and sell floating prisons to the citizenry.
“We’re focused on getting the balance right, between building new homes and protecting the character of communities.
An ambitious affordable housing target of 10 to 15 per cent of all dwellings has been set.
15% of housing set to be affordable, not 90%, just 10-15%. What is considered affordable? If property, it costs less than 30% of gross household income. Average income in Australia is now $98K. How many people do you actually know that earn a six-figure salary?
“The number of multi-units approved for construction in the first three months of 2024 fell further to be the lowest volume since April 2012,” stated HIA’s Chief Economist, Tim Reardon. “There is growing evidence that the volume of new detached homes commencing construction will reach a trough in 2024, albeit, at its lowest level since 2012.
“It is possible to build the Australian Government’s target of 1.2 million homes over the next five years, but it will require significant lowering of taxes on home building, easing pressures on construction costs, and decreasing land costs,” concluded Mr Reardon.
But the government doesn't want to because it affects politicians property portfolios.
[ + ] PearofAnguishJuniorManager
[ - ] PearofAnguishJuniorManager 10 points 10 monthsJul 12, 2024 09:37:37 ago (+10/-0)
It’s insidious.
[ + ] UncleDoug
[ - ] UncleDoug [op] 4 points 10 monthsJul 12, 2024 10:02:00 ago (+4/-0)
There was a documentary on it, Kowloon Walled City 1989.
[ + ] Trope
[ - ] Trope 1 point 10 monthsJul 12, 2024 14:21:00 ago (+1/-0)
[ + ] PearofAnguishJuniorManager
[ - ] PearofAnguishJuniorManager 1 point 10 monthsJul 12, 2024 14:57:52 ago (+1/-0)
Second phase; fancier shops.. Saks, a tea room, Tiffany’s. Here dwells young professional whitey.
Third phase; art galleries, high end designer clothing, Tesla dealership. Here you find the older professional whitey.
All trapped.
[ + ] mikenigger
[ - ] mikenigger 0 points 10 monthsJul 12, 2024 13:04:28 ago (+0/-0)
that's like most of europe
[ + ] recon_johnny
[ - ] recon_johnny 3 points 10 monthsJul 12, 2024 11:54:22 ago (+3/-0)
You will own nothing. You will eat the bugs. You will stay where we tell you.
And you will like it.
[ + ] Sal_180
[ - ] Sal_180 -2 points 10 monthsJul 12, 2024 14:24:13 ago (+0/-2)
[ + ] dass
[ - ] dass 1 point 10 monthsJul 12, 2024 18:17:56 ago (+1/-0)
[ + ] UncleDoug
[ - ] UncleDoug [op] 1 point 10 monthsJul 12, 2024 18:41:27 ago (+1/-0)
Wages have gone up 15-20% in 20yrs, property has gone up 600%.
You will most likely require 200K income to qualify for a mortgague.
[ + ] recon_johnny
[ - ] recon_johnny 1 point 10 monthsJul 15, 2024 10:16:57 ago (+1/-0)
[ + ] Sal_180
[ - ] Sal_180 -2 points 10 monthsJul 13, 2024 03:01:19 ago (+0/-2)
[ + ] UncleDoug
[ - ] UncleDoug [op] 1 point 10 monthsJul 13, 2024 06:42:54 ago (+1/-0)
I’ll copy paste this for next year.
“If you don’t like it, don’t move there”
Hilarious.
[ + ] Clubberlang
[ - ] Clubberlang 3 points 10 monthsJul 12, 2024 10:59:19 ago (+3/-0)
Now they're going to enslave them.
[ + ] dosvydanya_freedomz
[ - ] dosvydanya_freedomz 2 points 10 monthsJul 12, 2024 11:39:02 ago (+2/-0)
[ + ] GetFuckedCunt
[ - ] GetFuckedCunt 1 point 10 monthsJul 12, 2024 20:04:27 ago (+1/-0)
Avoid the cities like it's the plague.
[ + ] TheBigGuyFromQueens
[ - ] TheBigGuyFromQueens 1 point 10 monthsJul 12, 2024 18:19:43 ago (+1/-0)
[ + ] Stonkmar
[ - ] Stonkmar 1 point 10 monthsJul 12, 2024 16:25:24 ago (+1/-0)
[ + ] prototype
[ - ] prototype 1 point 10 monthsJul 12, 2024 16:06:26 ago (+1/-0)
[ + ] Sector2
[ - ] Sector2 0 points 10 monthsJul 12, 2024 18:10:52 ago (+0/-0)
[ + ] 2plus2equals5
[ - ] 2plus2equals5 0 points 10 monthsJul 12, 2024 15:05:21 ago (+0/-0)
https://newatlas.com/architecture/line-saudi-arabia-neom-progress/
(too late for all the Palestinians fleeing their home country of Palestine)
It's straight out of Hollywood: https://snowpiercer.fandom.com/wiki/Snowpiercer_(film)
Might as well build a tower connected to the moon.