this post was submitted on 17 May 2024
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44
Why Super for Housing is a Bad Idea - Purplepingers (youtu.be)
submitted 9 months ago by [email protected] to c/[email protected]
19 comments fedilink hide all child comments
 

NOTE: Video sponsored by the ACTU

Key points

  • It would make house prices increase by more than the maximum amount people could withdraw
  • It would cost the government $1 trillion in the long run
  • It would leave people with $200k less in retirement savings
  • It would significantly affect the returns on all superannuation as funds would need to keep more cash reserves uninvested so it is available for withdrawal
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[โ€“] [email protected] 1 points 9 months ago (1 children)

Sorry, I was being a bit tongue in cheek there. The economy will continue to be shit for people who struggle to afford home ownership whether or not they can use superannuation to help get their foot in the door.