Barefoot Investor Scott Pape exposes major problem in Australia

Young Australians may complain about the cost of housing but politicians will not do anything to bring prices down because it would cost them votes, the Barefoot Investor says in a blunt assessment. Pape labelled this is a 'dumb idea' because 'broke people shouldn’t buy homes' Barefoot Investor Scott Pape says that politicians aren't interested in making house more affordable because it would lose votes Pape said the biggest losers of the 'housing dumpster fire' of ever-escalating prices were children. He believed real estate inflation was something politicians could fix but long ago 'decided it was a better vote-grabber to give tax breaks to investors to provide private rentals, rather than build more public housing'. Prime Minister Anthony Albanese certainly appears personally unaffected by house price rises, after adding a jewel to his burgeoning property portfolio. Pape said that governments were only interested in playing 'legislative limbo' to look like they were tackling house prices for fear of backlash from property owners Prime Minister Anthony Albanese has been forced to deny he is out of touch with the struggles of ordinary Australians after buying a $4.3million waterfront mansion At a press conference in the south east Queensland city of Logan Mr Albanese was asked whether he thought his expensive new purchase was a 'good look' during the nation's cost-of-living crisis, exorbitant house prices, high interest rates and soaring rents.