Barefoot Investor reveals the three radical ways to fix our housing crisis trends now
The Barefoot Investor has revealed the three radical ways the government can immediately fix the housing crisis.
Scott Pape shared his insight as he weighed in on the domestic violence crisis and Prime Minister Anthony Albanese's policies.
Pape argued many women were being forced to live with their abusive partners because they had nowhere to go due to the housing shortage and high prices.
He offered several key solutions to immediately fix the real estate market that he bluntly labelled a 'dumpster fire'.
'So, how could the government really address it?' Pape wrote in a column for the Daily Telegraph.
The Barefoot Investor, Scott Pape (pictured), listed the three steps the Albanese Government can take to solve the housing crisis
'First, by temporarily limiting immigration while the rental market is in crisis.
'Second, by cutting negative gearing and the 50 per cent reduction on capital gains tax (CGT) for investors.
'And finally, by funnelling those tax savings into building public housing that looks after the most vulnerable people in our society - women and their kids who are fleeing family violence.'
He issued the three demands directly to Mr Albanese, writing: 'That sounds pretty bold to me, Albo.'
His recommendations followed a massive outcry from Australians about the high rate of domestic violence, which Pape described as 'Port Arthur-like'.
He recalled statics stating a woman is killed by a partner every four days in Australia with police called every two minutes to a domestic violence event.
Mr Albanese called a roundtable summit following rallies across the country calling for better policies to protect women.
The result was what Pape described as a 'reheated Scomo policy'.
'[Former prime minister Scott] Morrison had the Escaping Violence Payment, which offered up to $5,000 for women and Albanese has the Leaving Violence Payment, which does the same thing,' he said.
'Now it's better than nothing.
'Yet it doesn't come close to tackling the big issue: our housing market is a complete dumpster fire.'
Mr Albanese described his plan as 'two steps forward'.
'What we've done is to beef up the program to make sure that there's more, more support, not just the financial payment, but that those
