Which housing markets are most exposed to the coming interest-rate storm?
Housing should not be a financial instrument.<p>Governments everywhere do nothing about the insane house prices because all the politicians own multiple houses.  They want nothing more than house prices to keep going up.<p>I think:<p>* people should be financially punished for owning more than two houses - via dramatically higher taxes<p>* everyone who wants to own a house should have the means to buy one - yes that means teachers, firemen, policemen, the disabled, warehouse workers<p>* the government should provide people with the deposit needed to buy a home<p>* banks should be banned from requiring deposits - this is just a means of keeping house ownership for rich people, so it should be banned<p>* any house that is rented must be offered for ownership to the long term renter<p>* all international house ownership should be banned - you must be a citizen or permanent resident to own a home<p>* corporations must be banned from owning homes in order to rent them<p>* In Australia, the government - and this is hard to believe - gives money to investors who own multiple houses via tax breaks.  This must be reversed into multiple home ownership leading to paying much more taxes.<p>The <i>goal</i> is to crash house prices as far down as they possibly can be crashed.<p>I loathe it that housing has divided our society into landlords an renters, and anyone who owns a house does not give a shit about those who don&#x27;t.<p>I welcome the economic conditions that will lead to housing markets being ruined and will party and celebrate those investors who own multiple houses suffering ruinous losses - I&#x27;ll laugh.<p>... when you read the negative comments to this post .... probably those against own houses, those for do not own houses.