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Hypothecation and housing In my first post on Labor’s $10 billion housing fund, I pointed out that the $10 billion number is misleading.  The key idea is to borrow $10 billion at the low rate of interest payable on governme…

The failure of #HAFF was predictable and predicted (by me anyway). A typical Grattan exercise in trying to deliver policy outcomes without actually spending any money out of the budget
johnquiggin.com/2021...
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The PM wants to build homes like the one he grew up in. These days, it's harder It takes a long time to build anything at all in Australia's dysfunctional housing market, even for the federal government, but Labor's social housing fund is inching towards an impact.

Long article on the failure of #Labor's #HAFF scheme gets to the point right near the bottom, quoting Greens' Senator Pocock "“It would have been better for the government to directly fund the construction of social and affordable housing" #auspol

www.abc.net.au/news/...
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Reserve your tickets here www.thewestdale.ca

#HamOnt #accessibility #HamiltonAccessibilityFilmFestival #HAFF

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#Moin ut Garz
#Cricket 🏏 am #Haff

#ENGvIND
#Sommer

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The HAFF will be no different.

Blood money for social housing.

Disgraceful, absolutely disgraceful.

#auspol #HAFF #WTFAlbo

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Wrong. Voting against a half-arsed bill is not necessary voting WITH another opposing party.
Both opposing parties could be voting against for different reasons. #LNP disagreed with the bill - #Greens thought it didn't do enough.

@greens.org.au got an extra ONE BILLION from #ALP for #HAFF!

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#Greens also got an extra ONE BILLION from #Labor for #HAFF.

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Similarly, @albomp.bsky.social will try to promote their #HAFF which invests $10b onto the stock market but only actually spends $500m per year on housing (only secured thanks to the Greens senate negotiations)

$500m per year was widely labeled “20 times too small” by housing experts

#auspol

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Usedom heute. Ton an und zack Meditionsmusik. ☀️

#usedom #stettinerhaff #haff #sonne #sonneninsel #ostsee

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Well, they got an extra BILLION dollars out of #Labor for #HAFF recently.

More #Greens elected equals more bargaining power.

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At the same time, Dutton wants to eliminate Labor's housing fund, seen as critical for long term investment by social services groups. #HAFF
Cos affordable housing does nothing to boost the value of property investments.
#auspol

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Moin ut Garz, 7:25 Uhr

#Usedom #Haff

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#HAFF will always be tied to the #Neoliberal property market.
How does #Labor's #RentToBuy Scheme help anyone?

At least, #Greens got an additional $1 billion in funding for public & community housing. Total of $3B is 6 X the maximum the govt was initially willing to spend on an annual basis.

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He is a #renter himself and has insight into what it is like to be a renter in #Neoliberalist Australia.
Unlike many MPs who own several properties and are landlords.
He was correct in objecting to #RentToBuy Scheme/ #HAFF. We progress at a snail's pace approving #ALP's half-arsed measures!

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HAFF quarterly performance update and asset allocation table.
Returning 7.5% on $10 Billion.

HAFF quarterly performance update and asset allocation table. Returning 7.5% on $10 Billion.

Quarterly future fund portfolio update.
#HAFF now more than a year old.
Still hasn't spent anything.
ALP incrementalism should be their own undoing.

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#Moin it Garz

#Usedom
#Haff

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Moin aus #Garz am #Haff

#Usedom

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HAFF financial performance chart showing $0 debits

HAFF financial performance chart showing $0 debits

As of 30 Sep '24 the ALP's $10 billion housing solution #HAFF still hasnt spent any money....focus less on the future and more on housing Australians 😞

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But some are duds.

Like the #NACC #AUKUS ..

They are woeful.

There are others .. The #HAFF

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So true Imogen.

I am not a fan of the #HAFF it outsources responsibility & delivery to a body?that will be more interested in generating fees for financial advisors than building anything.

A good govt, a progressive one would create a Federal Public Works body to build.

Also agree on rent caps.

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#Moin aus #Usedom
#Garz am #Haff
🌡3°C
❄️ 1 cm

#StettinerHaff

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#Moin aus #Usedom ❄️
#Garz am #Haff

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TIL that Albanese's Housing Australia Future Fund #HAFF has yet to build a single house or even (AFAICT) approve a project. If Labor had just spent $500m/year directly out of the budget, instead of this byzantine shuffle to keep the project off-budget, we could have had 000s of houses built by now

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