High house prices must be addressed

THERE'S a lot in the paper recently about Ansbacher and how our country's citizens were ripped off by a rich elite.

Unfortunately, there is a Government-sponsored rip-off occurring in the form of pension funds being plundered to allow investors to get richer.

It’s simple: the Government introduces a taxation scheme to allow investors into the house market, thereby pushing up house prices for all buyers, but especially first time buyers because price ranges are affected. Therefore, instead of being able to afford a house and a pension, it’s one or the other.