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Day 22 cont 
Cont:
You: Phyllis is the first one, I guess.
Phyllis: I've broken the mould.
PM: Well, you're not ... you're not actually #complaining. What you're really saying is the value of [your] house hasn't gone up enough.
Phyllis: No, no, no. I disagree. I think it is ridiculous that the #inflation of house prices ... what about our #grandchildren?
PM: Well look, that is a valid point and I've acknowledged that.
I'm not saying there aren't problems for people buying for the first time, but you have to look at it in terms of both #existing #HomeOwners and #future home owners and what we have to try and do, and you quite rightly identify in relation to your grandchildren, is to find ways of mitigating the #cost of getting into your first home.
But we can't, and shouldn't do that at the cost of reducing the wealth effect and the wealth value of people who have existing properties, there's nothing to be gained by that. We have to find some other ways of #ameliorating the cost of buying your first home.
Phyllis: I think some commonsense has to be thrown into the arena just the same. You know, it's ridiculous. I mean, *you're not seeing value in the $500,000 you're spending on some broken down old dump* and…
PM: No, well...
Phyllis: That's where we are at the moment.”
#AusPol / #LNP / #Liberal / #Nationals / #Labor / #HousingCrisis <https://www.abc.net.au/news/2025-04-20/when-housing-turned-toxic-captured-in-talkback-chat-with-pm/105155458> / Original transcript <https://pmtranscripts.pmc.gov.au/release/transcript-20920>
