Fibs, Bribes, And Plain Stupidity Hooks More First Time Buyers…

Sometimes I think I live in a parallel world compared with the state and federal politicians who combined seem intent on driving more households into oblivion, in attempt to keep those home prices pumping higher. This despite the obvious disconnect between prices and affordability, and the link between inflated money supply via debt, and home prices, as I discussed yesterday. The excellent Productivity Commission Reports, including the 2004 publication, First home ownership and the more recent outings highlights that fueling first home buyer demand with government support was counterproductive. “It is not typically home buyers who benefit from the assistance, […]