I don't necessarily agree with all of the viewpoints expressed but politicians and Baby Boomers should take note. Sentiment will drive outcomes faster than fact. Feedback like this has been obvious to demographers and marketing departments for quite a few years. With the front end of BBs in their 60's, both their numbers and economic influence is now beginning to dwindle after 20 years of economic growth. It's no accident that companies like Wizard are publicly shifting the focus to a younger generation - their own data will be showing BBs as a less important source of new business.Quote:
The good news for addressing housing is that governments don't even need to specifically attack Baby Boomers to help tackle home affordability. Changes to taxation laws on residential property investment that make property investment tax neutral to other forms of investments would create a significant shift in equilibrium. Tweak the RMA at the same time and the supply side could be augmented as well.
Not doing anything may seem an easy alternative until the backlash shifts from customer surveys to electoral process. I'm pretty certain BBs want healthcare and other benefits when they retire.