Spot on.
This is depressing.
Prices too high? Here's some money to make them higher.
Can't buy a house. We won't fix that, but we'll let you buy a house with friends.
Policy gutlessness and abdication on housing on all sides and at all levels.
More taxpayer dollars to make housing even more unaffordable.
The truly stupid thing is this is also conclusion of multiple government enquiries into the outcomes driven by demand side interventions like this.
But all govts state/federal ignore those findings because reasons.