cost of emotional blackmail

A homebuyer bidding against the local investor and the Foreign buyer. How much extra debt are young people prepared to take on to fill the void of "needing" to own a house. Think about it. In some cases investors and overseas buyers are pushing the homebuyers price up 50 or 100 or 150 thousand dollars. Yet the government remains silent.

Now think about how the government views its own debt. Scrambling, cutting, chopping, must erase this debt. Debt is bad. Joe Hockey is walking around in a muck lather of sweat.

But it's ok for the young home buyer?