The bipartisan '21st Century Road to Housing Act' became law without President Trump's signature, aiming to increase housing supply and affordability by promoting conversions, repairing older homes, and limiting large investors. Its success hinges on implementation and faces challenges like the mortgage rate lock-in effect.
President Donald Trump announced he will not sign a bipartisan housing affordability bill, calling it "a big yawn." He cited "PROTEST" over the Senate's failure to pass his "SAVE AMERICA ACT," which requires proof of citizenship for voting. The housing bill, aimed at speeding up construction and limiting Wall Street ownership of homes, can become law without his signature.
Australia faces a boom in datacenters, driven by AI, with profound economic and environmental consequences. While AI offers benefits, the massive energy and water consumption of datacenters strains resources and could slow the transition to net zero emissions. The economic benefits are questioned due to imported equipment and limited job creation, raising concerns about whether technology truly serves the Australian people.
Australia is experiencing a boom in datacentre construction, driven by AI development, but this growth poses significant economic and environmental challenges. Concerns include massive energy and water consumption, waste heat, limited job creation, and potential strain on renewable energy transitions.
Australian house prices fell 0.7% in the June quarter to $937,000, following a peak in March. Despite recent drops and bank predictions of further declines, a decade of significant price acceleration means affordability remains a major long-term challenge, with median prices still costing over 15 years of disposable income.
Western nations, including the UK, EU, and US, are addressing a severe housing affordability crisis where costs outpace wages, locking out younger buyers. Governments are enacting reforms, like the UK's no-fault eviction ban and US bipartisan bills, amid calls to treat housing as a human right, not just an asset.
New Australian tax changes on capital gains are already impacting housing prices, contrary to opposition claims. Research indicates the 50% CGT discount, introduced in 1999, is a primary driver of the housing affordability crisis, not banking deregulation. Data also shows younger Australians are not the largest capital gains cohort, nor do they earn the most from them, challenging claims that the changes harm them.
Teal independents Zali Steggall and Allegra Spender have launched Community Strong Australia, a new centrist political party focusing on issues like housing and climate change. The party aims to extend the community independent model, denies the move is to skirt new electoral laws, and expects AEC registration by October.
President Trump canceled the signing of a bipartisan housing bill, conditioning its passage on the approval of the SAVE America Act, which aims to implement nationwide voter ID laws and restrict noncitizen voting.
The US Senate passed the 21st Century Road to Housing Act, which includes a ban on the Federal Reserve creating a central bank digital currency (CBDC) until 2030. The bill, expected to pass the House, aims to increase housing supply and includes carve-outs for stablecoins.
The Senate overwhelmingly approved a bipartisan housing bill aimed at tackling the nation's housing crisis by boosting supply and lowering prices. The measure bans corporate investors from buying single-family homes and includes provisions to streamline construction and increase funding for affordable housing initiatives.
Australian house prices continue to outpace income growth, with a 10.3% annual increase. Budget changes to capital gains tax and negative gearing aim to improve affordability after 26 years of escalating prices, though a 10% price drop would only reverse a small fraction of the damage.
Labor faces a "diabolical political conundrum" regarding the housing affordability crisis. Any attempt to solve it risks either lowering house prices or failing to address the core issue, leaving the government in a no-win situation.
In 2025, Spaniards spent a record 50% of their average gross salary on rent, up from 47% in 2024. Rental prices increased 6.9% while wages grew only 1%. Madrid and Catalonia face the most severe pressure.
The House voted to pass a bill aimed at addressing the housing affordability crisis by encouraging homebuilding and banning corporate landlords from buying more than 350 houses. The bill, an amended version of one passed by the Senate, now requires both chambers to agree on a final version.
The U.S. House approved a bipartisan bill limiting major investors from buying single-family homes, allowing them to build additional units. The measure, supported by the White House after compromises, now faces uncertain Senate passage.
The U.S. House is set to vote on a bipartisan housing affordability bill Wednesday. The measure aims to limit major investors from buying single-family homes while allowing them to build new units. It has White House support after revisions balanced House and Senate versions.
