Alto Capital investment manager and stock market commentator Tony Locantro speaks to Proactive Investors about the aftermath of the Australian Federal Election last Saturday and the continuing housing affordability crisis.
"The cure for housing affordability is to have expensive housing and just wait", Locantro says.
He continues, "Labor went to the election with the most ridiculous policies on reducing the capital gains discount, negative gearing and franking credits.
"So there was a bit of relief, however, the Sydney market is still falling at about 1.3% per month and continues to fall."
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