Australia facing a lost generation of property buyers – and apparently the government should help them with more FHOG. Yes, if by them you mean property speculators and cancerous boomers sitting on over 50% of the country’s property. Th-th-th-thanks government for creating the biggest housing bubble in the world – won’t you please make it even bigger?
As if that wasn’t bad enough, in a follow up to my earlier post about the RBA, it looks like APRA joins in by going full retard itself. Oh dear.
Is there a future for young Australians? It seems there is, but it’s a future of life-long debt slavery. For an insight as to how this will effect the Australian economy, just have a look at the Netherlands.