The thing thats gets me about all of this - they claim it is stimulation for the economy and that it may be but it is also stimulation for those measures eg inflation that push up interest rates.
Rising interest rates are going to flog these first home owners to death and as we have seen in the past its going to get a lot worse before it gets better.
Its the cycle here for banks - big business blows up (BNB, AFG) smaller business (Raptas for SUN) and then the mums and dads.
My personal thoughts are that this stimulus will only make the level of mum and dad blow ups worse than it should be.
