Morrisons latest idea to boost ponzi house prices, page-18

So, after three years, the kids spend to buy a house with their super 9% and equal contributions from their own pay.

* Without a property bubble burst before this time, they will be paying top dollar for their house.
* Kids left with much less/zero super, and forfeit the time-progression of compounding growth on their super money.
* Kids left less able to pay back their HECs fees, because they are required to compulsorily pay in equal amounts to the compulsory employer contributions.
* Property Bubble burst may happen after they buy their homes and they lose at least all of those savings and their super contribution, with a month or two. Their houses will fall in value but their mortgages remain the same.
*Given the high unemployment rates of youth, the massive increase in part time jobs and difficulty of getting stable, full time employment, this makes this plan even more stupid.
* An increase in demand for houses without a concurrent increase in supply? Economics 101? Up go the house prices even further.
* Immigration is adding exponentially to our population levels, esp. in the major capital cities, specifically Melbourne and Sydney.
Hence, more and more competition for ever reducing jobs.
*unskilled immigrants draining the pockets of young employed and will do so forever as who is paying these welfare recipients?

STUPID IDEA!!! Young people already paying hugely for their education without grabbing more from them to further the froth on the top of the property bonanza, before it topples, enjoyed by owners not buyers.

Hope kids are smart enough not to fall for that garbage.