This was in response to a real estate ad in the previous week’s local newspaper. My letter got edited a bit.
Original version:
The full-page real estate ad in the 3/12 [local paper] that gloated over rising house prices is an example of how warped by greed the market has become. Increasing property values also mean council rates rise, thus the cost of living goes up. Population growth means overcrowding and overdevelopment, making life ever more stressful for residents. The housing market is out of control, favoring greedy investors and developers, and it is time this trend was reversed back in favor of those who simply want a place to live in. No government so far seems to have the will to implement these measures, however, by curtailing population growth.
Edited for print version:
The full-page real estate ad in the [local paper] on December 2 that gloated over rising house prices is an example of how warped by greed the market has become.
Increasing property values also mean council rates rise, thus the cost of living goes up. The housing market is out of control, favoring greedy investors and developers, and it is time this trend was reversed back in favor of those who simply want a place to live.
