Wise investments

Mark Evans (Weekend Herald, April 3) misses the point. Every house a landlord owns is one less available for a first-home buyer and that is where the current crisis is. As tenants, household disposable income shrinks and the numbers of homeless grows; there is less money for them to spend and the economy shrinks.

Our family have invested in commercial property and especially in industry that makes a profit and increases employment earning opportunities and adds to the country’s GDP. It’s not a question of envy, as Mark suggests, it is a question of wise investment. Investment in industry and agriculture is far-seeing and promotes economic growth. Investment in housing, as out of control as it is at present, does the exact opposite.

Gary Hollis, Mellons Bay.