A Rational Fear
A Rational Fear
May 6, 2022
Jan Fran Has Issues - Ep 5 - Housing Affordability with Adam Bandt
Play • 35 min

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Jan Fran Has Issues…with Housing Affordability. On the week that mortgages across the country took a hike, we speak to Greens leader Adam Bandt about how to balance wealth creation with… Idk, somewhere to live? ¯\_(ツ)_/¯

Also, we dissect the Coalition's plan to increase affordable housing with novelty cheques. 

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Unknown Speaker  0:00  
This episode is supported by the jib foundation. Well, no matter how you look at it, the first interest rate rise in almost 12 years is bad news for Scott Morrison. what today is about is what Australians are seeing as a result of our economy coming out of this pandemic,

Unknown Speaker  0:17  
Scott Morrison's economic credibility was already tattered, and now it is completely shredded.

Jan Fran  0:23  
Within hours of the Reserve Bank announcement. The rises were passed on to mortgage holders,

Unknown Speaker  0:27  
big mortgages, little wriggle room,

Unknown Speaker  0:30  
so less money on holidays and takeaways and all of those kinds of things that you spend your money on, really just makes the cost of living higher.

Jan Fran  0:37  
Yes. Hello, welcome to Jan Fran has issues this is indeed the podcast where we break down the election one issue at a time. And given what's happened this week with the Reserve Bank lifted that cash rate housing has been in the news, Daniel, oh yeah. And

Dan Ilic  0:56  
the cost of living is going up and up and up, which means less money, people can jump on to Patreon and help us make a podcast. Yeah,

Jan Fran  1:03  
God, I thought you were gonna wait for the end of this episode for plug.

Dan Ilic  1:06  
No, no, no, I can't. I can't I can't wait. The cash cash rate is going up. Jen 0.35% Jen, people aren't people aren't donating to the Patreon as often as they used to Jen, this is going to be

Jan Fran  1:17  
disaster for us gonna be a disaster for so many people.

Dan Ilic  1:20  
I'm excited this week to talk to Adam badger and he is running a killer campaign for the greens at the moment and got some interesting ideas about housing prices and what to do with housing affordability. But will we be able to get in jam? That's a good question.

Jan Fran  1:34  
Yeah, that's the quick question. One one can dream big. But yes, we are going to talk to Annabelle a little later in the show. We're also going to look at the coalition's housing policy Labour's housing policy, the greens as housing policy, and kind of put them all together and see which comes out on top. But before we do that, before we get to our main issue, as always, we'd like to take issue with something that happened this week. This week, I'm going to take issue with Scott Morrison saying that he doesn't see things through a political lens. When asked about it by a bunch of journalists, have you listened to this?

Unknown Speaker  2:07  
It's not about what it means for politics. I mean, sometimes you guys always things see things through a totally political lens. I don't.

Jan Fran  2:18  
That is great. Why not? Okay, I'm just gonna say that in the past 12 months, I've read two biographies about Scott Morrison, one called the game by Sean Kelly and one called the accidental Prime Minister by Annika Smethurst. If there is one resounding thing that you take away from both of those books, which are completely different books, by the way, yeah, one resounding thing that you take away, it's just how much of a political operative arson is. That is all I'll say.

Dan Ilic  2:48  
In fact, claiming that he doesn't look at things through a political lens isn't a political thing. Like it means the electorate, you know, the delivery drivers and the tradies around Australia got no money. He's not political. The other people are political.

Jan Fran  3:00  
Yeah, I mean, if you hey, if you're interested, I didn't intend to plug the books here. But the game by Sean candlelit by Sean Kelly, the accidental Prime Minister by Annika Smethurst have a read the other person who thinks Scott Morrison is political, because he would because he's the leader of the opposition is Albanese for this

Unknown Speaker  3:17  
guy to say that anything is not political. This is a guy who gets up in the morning and what he has for breakfast is political. This guy for everything is an opportunity to play politics. He doesn't have legislation he has legislation they sit around the cabinet they don't think about the national interest I think about how can we wedge labor on this issue in that cabinet room there's sour cream and sweet chili sauce there there's so many wages there

Jan Fran  3:46  
Oh good. God were coming in

Dan Ilic  3:50  
so many metaphors to describe this Albert should have just stuck with the breakfast thing you know what he had was political. He likes his toast and he smears it with jam and the NDIS and you know it could have gone that route.

Jan Fran  4:02  
No, I love a good 90s Cafe food reference wedges with sour cream baby.

Dan Ilic  4:10  
Yeah, they've got a good night his cafe recipe is foccacia which is what this government is doing there for catching it all up

Jan Fran  4:20  
all right, what's your issue this week then?

Dan Ilic  4:22  
My issue this week is this biker got up a Josh Frydenberg campaign launch and he he did a few impressions

Unknown Speaker  4:30  
and I live was ruined because of Josh but um I'll just finish off with a very poor to kokuboro and, and sulfur crested cockatoo.

Dan Ilic  4:56  
Now I have two big I have two big difference here that was not a soft crested cockatoo that was people who have home loans when the RBA increase the rate this week. So let's just make that absolutely clear that guy was wrong. He really missed out an opportunity to do a packet good laws, which is what the government is so

Jan Fran  5:17  
jam. How's he issues? All right. Well, to our issue of the week, it is housing and we're talking about housing. Well, I was gonna say it's been in the news this week. It hasn't. It's been in the news for the past two decades, prices have just risen slowly and slowly and slowly over an extended period of time. But this week, the RBA did raise the cash rate, which means that if you do own your own home and you have a mortgage, you'll be under some added mortgage stress. There's also the issue of rents being on the rise. So we're going to try and work out. What is the deal here with housing in Australia? Are you sick of hearing about house prices are too bad, the rising cost of housing is? Well, it's quite the problem. Two things less people can afford to buy houses and rents are on the rise. Let's look at the first issue housing affordability. This is the ratio of housing costs to household income. In the past few decades costs deposits price property costs, repayments have risen a lot, incomes, not so much. Put it this way in Sydney, Australia's most expensive city, the median house price in 1981 was $79,000. I am choking just saying that it was five times the national full time average annual salary. In 2021, the median house price was $1.31 million. That is 14 times the average income. This has led to a wee thing called housing stress, which is where you spend more than 30% of your gross not net income on your property. Want to know how many lower income households in Australia are under housing stress, more than a million. And that's based on 2017 18 figures. House prices have grown by 25% to record highs just since the start of the pandemic.

Unknown Speaker  7:12  
But part of it is stuff that, you know, we could have looked at decades ago. Eliza Owen

Jan Fran  7:17  
is a property analyst for analytics company core logic. She says there are many reasons why we are in this hot mess.

Unknown Speaker  7:25  
So when interest rates go down, and house prices go up. And really since the GFC, we've been in an environment of structurally low interest rates. And a lot of that demand also comes from innovations in finance that have allowed people to buy housing, using housing, the fact that we've seen a lot more investor participation in the market over time, which can crowd out other buyers as well. And I guess in some pockets, we've not seen development and new housing supply keep up

Jan Fran  8:00  
right Oh, two, issue number two rents, they are rising at their fastest rate in 13 years. Again, several reasons for this. Here's Eliza,

Unknown Speaker  8:09  
I think part of it has to do with COVID dynamics because you had a lot of people exiting our largest and most well supplied rental markets and scattering to these areas that maybe aren't traditional rental markets and don't have as much available stock. I think part of it could also even be due to the homebuilder policy, the fact that a lot of people have committed to purchases of new homes that haven't necessarily been built yet. So they have to live somewhere. A lot of those completions of new properties are being delayed because of supply chain issues. We've also heard anecdotes of people just seeking their own space. So rather than renting out a second bedroom, maybe they're using it as a home office. That change in demand happens pretty quickly. But an increase in rental supply happens slowly. And that's where a lot of the rub is coming from.

Jan Fran  9:07  
I must say the lack of rental relief in this year's budget was somewhat conspicuous. When asked about it, Scott Morrison said

Unknown Speaker  9:14  
this about strange getting into homes. Best way to support people are renting a house is to help them buy a house.

Jan Fran  9:20  
So short answer. There's nothing in the budget for renters, but also what the best way to support renters is to help them buy a home. What about the 30% of low income earners in the private rental market? Who don't have 500 bucks for emergencies? Let alone the 5% deposit required for Morrison's first home guarantee scheme? What about them? And speaking of that scheme, this is the coalition's plan to tackle the housing issue 50,001st homebuyers will be able to purchase a property worth up to 900k with a deposit of just 5% the government will act as guarantor for the remaining 15% So this means that you don't have to save as much and you don't have to buy mortgage insurance. Labour's plan, they are proposing a Shared Equity scheme. So 10,000 applicants need a 2% deposit to buy a home capped at 950 K, and Labour will contribute up to 40% of the purchase price of property. This hugely reduces the cost of the home, but means that you don't technically own all of it. Labour is also pledging to build 30,000 new social and affordable housing properties in its first five years. They are the two major party policies, but Eliza reckons there's actually more to think about when casting your vote.

Unknown Speaker  10:41  
Think about what you want housing in Australia to be and vote that way. If you're comfortable with housing, being that source of financial wealth, gain an investment vehicle, then that's going to really inform how you're going to vote. But if you want that kind of change and focus on housing to be more of a social good, that is where people just live, then obviously that's going to be important to keep in mind when you vote as well.

Jan Fran  11:09  
housing as a social right versus housing as a way to build wealth. The coalition sees it as the latter, which is not inherently bad, it just seems to be working out for some better than others. Labour sees it that way too, although not quite as much. There is one party that sees it very much as the former though, the greens, but to turn this ship around difficult.

Unknown Speaker  11:33  
Housing has become so entrenched in our broader financial system, you know, it's something that helps people fund their aged care. It's something that helps people fund their health care. It's something that helps them build wealth in their family, and it makes up more than half of wealth for Australian households. So trying to undermine that value and take that away is pretty controversial.

Jan Fran  12:03  
Huh, it is controversial, but the greens are going to jump at the opportunity. And here to tell us how is the leader of the greens himself. Mr. Adam Bandt. Adam, welcome to Jefferson has issue.

Adam Bandt  12:16  
Hi. Thanks for having us on.

Jan Fran  12:18  
First of all, I just need to get straight into it. try our luck with this question. What is the wage price index?

Adam Bandt  12:25  
Got a search engine of your choice and have a look.

Dan Ilic  12:31  
Like I tried Bing, it didn't come? To me. I'll try Ask Jeeves. We'll go from there.

Jan Fran  12:37  
So on this app, Adam, where we're talking about housing, you know, obviously, it's been a very big topic this week, because the Reserve Bank has increased the cash rate for the first time in 10 years. Before we get into all of the policy stuff. I'm just kind of interested in, in your reflections on housing in Australia, how do you see housing? Do you see it as a way to build wealth? Do you see it as a human right? Or do you see there's a little bit of both

Adam Bandt  13:02  
housing is a human right. And it should be a key role of government to ensure that everyone's got a secure and affordable roof over their head. But that's not what it is in Australia at the moment. It's pre cooked, it's become a vehicle for investment and speculation. And so got housing prices going up and up and up, sort of turbocharged by government policies, because they've lost sight of the fact that it should be treated as a basic right, but is instead being treated as a stock market.

Jan Fran  13:34  
So talk us through your policies to kind of make housing more affordable here in Australia,

Adam Bandt  13:40  
a big problem is that prices are rising too fast, and debt is growing. And so people who want to buy a house end up with massive mortgages, but it's also pushing up the price of rents as well. So we've got we're reaching crisis point, the average mortgage when Scott Morrison came to power was about $340,000. It's about $600,000. Now, during the last 18 months, the pandemic prices went up by about 25% for buying a house. What do we need to do? Well, we need to do a couple of things. One is stop making the problem worse and stop pushing out prices. And that means reining in the billions of dollars that are given every year in tax handouts to people who've already got multiple properties to go and buy their fourth, fifth and sixth like that shouldn't be we shouldn't be spending public money on schemes that push up house prices and push them out of reach of first homebuyers.

Jan Fran  14:38  
Why are you talking about negative gearing in this instant a tax break for investors?

Adam Bandt  14:43  
Yeah, so negative gearing and capital gains tax discounts it into the weeds, but it's important stuff because it basically these are the tax breaks that say if you've got multiple investment properties, you can write off any losses as a tax break, but then when come and sell them, you can get a further tax break. So we're saying allow people who've got one investment property. So what are often called mum and dad investors like allow that to stay. So if you've got one investment property, that's okay. But for after that don't expect government support, I don't expect a government handout if you've got two or more investment properties to, to push that up. It's about $6 billion every year that the government spends on people who've got more than two investment properties on handouts in the form of negative gearing and capital gains tax discounts. So we're saying that we have to grandfather negative gearing to people who've got just one investment property. So stop fueling this problem by pouring money into the system. Secondly,

Jan Fran  15:45  
just one point on the negative gearing stuff because I know that short and took it to the last election in 2019. And he lost that last election, which says to me, I don't know, I could be wrong, but people don't want that.

Adam Bandt  15:57  
Well, I think the main reason that the last election went the way it did was because Clive Palmer bought a pretty much you know, 90% of the space available on the airwaves and spent millions of dollars in advertising like it was saturation, Parma, running attack ads on the opposition, that I reckon played a big part in the last election. But also, I think that look at it now three years on the problems a lot worse, and house prices and say 25% rise in the last 18 months, the pandemic and I think this time around, people understand that housing is cooked, and we need to do something about it, I think there would be the appetite for what I think is a sensible policy of ours of saying, allow it for people, we've got one property, but you've got to start reining it in for the for the very wealthy, we don't need to be using public money for that. And secondly, as I said, the thing that we would, the other piece of the puzzle is to have a big build of affordable housing, housing that people can rent for 25% of their income or buy into for about $300,000. And we're proposing a million homes over the next 20 years. And the cost of doing that we've had it all costed. The cost of doing that is about a third of the tax breaks. So like it's about $21 billion over 10 years to do this. We're giving $63 billion in handouts over 10 years, let's instead of giving money to people to buy their seventh house that pushes up prices and makes it harder for you to buy your first

Dan Ilic  17:30  
home, I can tell you as a first home buyer, and right now I'm looking I'm in the market for my first place, I'm already worried about my third place, I've got to you know, kind of keep that in mind the way this markets going, like, Man, I'm gonna have to scrape together my deposit for my first but I got to keep that eye on the ball for my third and fourth place because otherwise I'm going to be left behind. No landlord left behind Adam, no landlord left. I'm not even a landlord. I'm an aspiring landlord. Well,

Adam Bandt  17:57  
I think it's election, it's probably time for a renters revolution. I think the third part of it is that no one's talking about rent, it's really a deselection and more and more people are renting, in part because the housing market is so difficult. But I think we need what one of the things that debt means, I reckon, is that we need a rethink about the rights of renters, and we need to give renters more security and in other countries were renting is more than norm, you have the right for long term leases, you have more protections against being evicted at the end of your tenancy on not for no grounds. But just because the landlord might want to put up prices. And that kind of thing, I think that we need here as part of a national protection standard of renters rights to

Jan Fran  18:44  
Okay, so you've put forward 1 million publicly owned affordable homes to be built over the next 10 years. There's sort of 750,000 will be public and community house dwellings, there'll be 125,000 for rental homes that will be constructed, and 125,000 that are sort of part of a Shared Equity scheme. So that's kind of how you've, you've split that 1 million homes, as you said, it's going to cost around, you know, $21 billion. I think the parliamentary budget office had had it down for 23. But in that vicinity Anyway, the thing is, there's scope for quite a lot of volatility over the next 10 years, and just I guess, a little bit of uncertainty in terms of, you know, supply chain labor issues, construction costs, what happens to your plan if the price of construction goes up? And how do you stop it from creating knock on problems?

Adam Bandt  19:35  
I think the one certainty that you can take to the bank is that if we don't do something, then the problem is going to get worse. I mean, just look at the trend at the moment. And if we keep going with the tax breaks that we are, and without building more public and affordable housing, the problem is just going to get worse. I mean, I think that is a certainty. We're proposing a million over 20 years, right so you can 20 years sorry, I said 10 years Election costumes that you're referring to are over 10 years. That's how far ahead the parliamentary budget office looks. Look, part of the problem is that housing is being built and sold and traded for profit. It's that stock market syndrome that I was talking about before, what we're talking about is a rethink of that. And so we're saying government should be in the business of trading housing as a human right. And so we're talking about buying a building, and then renting out or selling on a not for profit basis. Okay, so yes, so some costs may go up, others may go down over the 10 years. One thing we do know is that governments around the country sit on a lot of land, they have a lot of land, from former sites, you know, former Defense sites and the life that they have. Here in Melbourne, where I live, the state government owns a lot of land in the inner city. That's we're saying bring that to the table and the Commonwealth builds houses and puts on top puts them on top. And so a lot of those will be units, sort of rather than freestanding houses, there's going to be a lot more units that are going to build, but once you start making it about being for profit, and once you start saying government's got a role in ensuring everyone's got a roof over their head, the costs come down dramatically.

Dan Ilic  21:15  
I just love this quote from the Financial Times from a couple of weeks back about how they articulated what our housing economy looks like. And the quote is the housing economy consists of residents buying and selling property from into each other forever higher prices, using borrowed money in a surreal pyramid of paper wealth creation. It's like it somehow it requires a journalist from outside of Australia to look at Australia with fresh eyes to go, oh, that's a bit fucked

Jan Fran  21:44  
up calling us a pyramid scheme.

Dan Ilic  21:45  
That's it. Really, that just says what negative gearing is really like bid to be able to like flip houses forever, ever increasing prices is a pyramid scheme. Yeah. If only we could build pyramids, and people could live in them. That might actually be a better way to solve the housing crisis.

Jan Fran  22:01  
That won't be a very cheap alternative, though. Dad, let me just say I think the pyramids took like 100 years to get built. Okay, what you're proposing, Adam, I think, requires a real rethink of the of housing in Australia. But we are so property obsessed in this country. I just want to give you a ridiculous story that is like the most Sydney story that has ever happened to anyone. I was going for a walk with my partner in the neighborhood. And there was a house that had a for sale sign in front of it. And it said sold. And I said to my husband, I said oh, that's the house that my sister was talking about that got sold recently, what did it sell for? And so we're standing in front of his house in front of this sign without you know, athleisure wear on trying to go on domain to find out what this house sold for. And a woman strolling a baby, just saunters past doesn't even look in our direction and says 1.8 million. And we were like, Thank you. No, hello, no stopping to chat. We're here to talk brutal real estate in Sydney,

Dan Ilic  23:07  
Adam and that woman with the press and didn't have to google anything.

Adam Bandt  23:12  
On this point of it bigger, a big briefing, like yes and no, I was explaining this, this idea of the government, you know, building housing, and people being able to rent it and fixed part of their income and to someone the other day to a journalist and they said, Yeah, it's kind of like what Menzies did, isn't it. And it's like, I don't quite know how to take that. But the comparison to Menzies like, in this instance, I'll maybe take it as a compliment. But they, like it's we use, you look at those big tower blocks, blocks that we have sort of around my electorate of Melbourne, for example, that you say that are public housing, or they were built in the 60s, right, and population has grown since then. But the big build of public and affordable housing hasn't so but it's there's been this one shift, where it used to be something the government did was take it on as a responsibility to do it. And we drop that off. But secondly, part of the reason that we're putting forward this scheme is that a chunk of the homes would be available, if people wanted to buy into you could buy into and you buy into for about 300,000 did use it to pay down and at the end of it, if you want to, you can sell it back to the government to sort of get the amount that you've gained on your, on your mortgage, or you can stay there for as long as you want. So it can be used as your first rung on the property ladder if you want to. And again, it's a Shared Equity scheme, but one that doesn't sort of just keep shoveling money into the private market to push it up, but gives people sort of a rung on the ladder.

Dan Ilic  24:39  
This is happening at a local level. My my mum, for instance, is bought into a retired retirement place owned by the Council, the local council, and it's not going to go up in value at market rates, it's only going to go up in value at a fixed rate as per council rules at about 3%. And that's in order to keep that place at a reasonable price. So that The next person can can take it over, you know, who needs aged care. And I think that is that such a makes complete sense to me. And it works on a small localized level and surely could work on it on a federal level.

Jan Fran  25:12  
This sounds like, I'm sure there will be people out there who look at this plan and go, this is a great idea. This is exactly what we need. And we need it to happen right now. What is the likelihood of this event? You're waiting, though, Adam, because elbow has said he's not going to enter into a power sharing agreement with the greens. So for the people banking on this policy? I mean, how much should they unclench their butt cheeks?

Adam Bandt  25:36  
Yeah, Anthony Albanese and Scott Morrison are both sage, I look, if there's a minority Parliament, we're not going to talk to anyone. It's our way or the highway. But you know, all the commentators in polls are suggesting that that's where we're heading. And there's every chance and certainly in the Senate, but no one is going to have a majority. And I think this is the election where we can tackle housing affordability. And I think people want it tackled. And it's not just people who are struggling to get into the market. It's a parents looking at the kids going, Oh, hang on, actually something that's different from where it used to be for, for me, and I can see the problems that are coming now for future generations. We've said very, I mean, I can't speak for what Anthony Albanese and Labour will say they will do, I'll leave it up to you to turn Pete listeners to decide whether or not if they're one or two seats away from the Treasury benches, whether they're really not going to talk with people who are sitting on the crossbench. But I can just speak to what we're going to do. And what we said is that this together with climbers are going to be at the top of the list that we put on the table. And one of the things that we're saying this time that we haven't seen last time from labor is a move towards more spending in social housing. And at least they're, they're taking one step towards it. And so it's one of those one of those areas, I think, where it's ripe for agreement, and we can put our ideas on the table, they can put theirs, and I reckon it's something we where we'd have a lot of common ground to talk about.

Jan Fran  27:05  
Okay, I'm not, I'm just going to fully admit this, because there's no point in pretending I'm not hugely clueless about economics, but I do know a little bit about supply and demand. And if there's suddenly more supply in the market, the prices kind of go down. So will this drive house prices down? And is that going to piss off quite a lot of people in Australia who own homes and are hoping to maybe fund their retirement that way? Or to, you know, use that as a way to build wealth creation for their families? Well, I

Adam Bandt  27:36  
guess that's part of the reason that we're saying can you can continue to have it for your one investment property continued to take those breaks, if you'd sort of built things around that.

Jan Fran  27:45  
But I guess I want 10 properties. Well,

Adam Bandt  27:50  
good on you. But I don't know that you should be lining up for a government handout for it. I guess that's a point. You know, basically, it's there's better things to government to be spending its money on. But look, I think part of what we're talking about, is developing an alternative pathway in right and like saying, let's, let's stop that in insane, incredible price rises, like Stop it going up quite so quickly by removing a bit of the hate. But there needs to be an alternative way in and that's affordable for people. So we're saying I guess the market will continue to do what it does. And but let's develop a parallel pathway for people who are currently locked out because otherwise they'll never get in. And that's the that's the pathway where it's affordable, where it's pegged to your income, and where you can buy into, say $300,000.

Jan Fran  28:39  
I want to ask you about labor and the coalition's plan for housing. There is a catch though, you're only allowed to say one nice thing about either of those policies. So let's start with the coalition. What is one nice thing about Scott Morrison's first home buyer grant scheme?

Adam Bandt  28:57  
It is lovely for you if you are a seller of a house because it helps push up the price of housing. And as a seller, you'll probably do very well out

Dan Ilic  29:08  
of it. Interesting, that's good. That's a dumb show. My brother would be excited about that.

Jan Fran  29:13  
I can I can see you I know our listeners, Carney was saying that through very gritted teeth, okay to Labour's plan, they've got 10,000 spots, a 2% deposit required and a Shared Equity scheme of up to 40%. What's one nice thing about Labour's plan,

Adam Bandt  29:30  
it's good that they recognize that part of the solution is government building some more housing, but it's kind of a drop in the ocean because it won't touch the sides because the problem is much much bigger than that scheme will solve.

Jan Fran  29:47  
Okay, we veered from the nice

Dan Ilic  29:53  
Now Adam, can you say one nice thing about Jen before you?

Adam Bandt  29:57  
This is the loveliest podcast I've ever for being involved in.

Jan Fran  30:03  
God, if you're sincere as you were saying that with the last two, I don't know whether I believe I believe it. Yeah, exactly. Like all our episodes, we kind of like to keep voters at the center. So if you're a voter, you're going to head to the booth may 21. If housing is a really big issue for you, Adam, what would you counsel voters to think about this matter,

Adam Bandt  30:23  
so this election is going to be really close. And the greens are said to be the most powerful third party in the parliament. And if you vote greens, we will kick the Liberals out because they've pushed up housing prices and imbalance of power. One of our number top priorities will be to push the next government to tackle housing affordability by building a million new homes over the next 20 years that people can rent for 25% of their income or buy into for $300,000. We're putting renters and first homebuyers and people locked out of the housing market right at the top of our priority list.

Dan Ilic  31:01  
And if you don't get in, can we look forward to 20 million million dollar homes being built?

Adam Bandt  31:10  
Schemes Ferg goldplated bathrooms will continue to under the liberals. sure that that is the case.

Jan Fran  31:16  
Hey Adam, thanks so much for joining us on Jan. Fran has issues and talking us through all things housing and bond garage for the next few days and weeks of the campaign. Thanks very much. Jam for house issues.

Dan Ilic  31:31  
Always great to talk to Adam Ben and always great to discuss what a utopia could look like Jen.

Jan Fran  31:36  
Well somebody has to everyone else's policies it to real and to tangible someone's got to have us thinking about the bigger picture here.

Dan Ilic  31:45  
That's not true. That's not true. The coalition's policy is actually really good. Have you heard their campaign launch for it?

Jan Fran  31:51  
I haven't, but something tells me I'm about to hear it is take a listen.

Rupert Degas  31:56  
The federal government is working hard to ensure all Australians have a home with check builder. We're building 10,000 new homes over the next 100 years using the most sustainable resource known to the coalition novelty sized checks. Previously, every single novelty sized check that a coalition politician gives to a scout Hall sporting club or small business had to be shredded at a bag in a novelty sized shredder. But with cheque builder, they will be turned into social housing. Rest your head each night in a room constructed of Scott Morrison's broken promises I'm very okay with the idea of building car parks take your morning dump surrounded by the signature of Bridget McKenzie. I am very proud of the sports grants program all stand in your kitchen surrounded by million dollar views of million dollar checks made out for Josh Frydenberg car parks that never got built

Unknown Speaker  32:51  
with respect to the car parks in my own electorate. They haven't been built as yet.

Rupert Degas  32:56  
And the more promises the coalition makes the more houses we can build with cheque builder. And that's a promise you can take to the bank authorized by the novelty size government run by novelty size man Canberra.

Jan Fran  33:08  
Yes. Yeah, it's good. We criticize the government for not doing enough to combat climate change in a deteriorating planet but they are recycling that's what I like.

Dan Ilic  33:21  
Yeah, hey on that recycling bit you know that recycling ad campaign they put out a few months ago about how the government is turning trash into into new things. That ad campaign costs $11 million and the actual donation the actual climate action to actually create that thing was like selling like $3 million. Yeah.

Jan Fran  33:41  
Hashtag by Oh my goodness.

Dan Ilic  33:44  
So yeah, these these guys are big on recycling. It's fantastic.

Jan Fran  33:48  
All right, what's coming up in next week's show Dan,

Dan Ilic  33:50  
next week's show we are once again going to be promising to talk to you about climate but but like on every other media organization. We will probably not talk about climate but talk about what happened on mass last night.

Jan Fran  34:01  
We are going to talk about climate that is happening next week because I know it is one of your favorite topics and we are going to squeeze it the hell in there before the election because it also happens to be quite important.

Dan Ilic  34:11  
Yeah, it is the number one topic on everyone's list According to ABC Vote Compass. So that's pretty interesting stuff. And one other thing Don't forget we are doing a live a rational fear show for our 10 year anniversary at the opera freakin house. Huge lineup, including Gabby bolt, Mark Humphries, Paul McDermott is doing it to semi shots coming up from Melbourne for it, Louis Harbor, as well as myself. Oh, and Veronica Milsom as well. It is going to be a great 10 year show. So do get you to do that. Go to comedy.com.au for that one. In the meantime, let's thank some people who have put the show together. Big thanks to everyone involved in making this show tonight. F and K media thank you so much. You are wonderful, excellent producers. Big thanks to Adam bed and big thanks to Eliza oh and big thanks to you Jan. Big thanks to the patreon supporters who keep us running big thanks to the jib foundation for five Literally supporting this podcast big thanks to rode mics for our gear. And also big thanks to the Gadigal people of the Eora nation we're generally record the show. And remember to vote rationally


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