So UT when you said: "And any man that thinks all of those organisations won't do everything they can to avoid a major downturn/crash doesn't live in reality land!" in relation to a comment about how the government bailed out property in 2008 what were you referring to, if it wasn't the fact that everyone with money in property in 2008 was subsidised by the government, and you are counting on it happening again?!
The sick reality of this country is that property is a 'politico-housing complex' (see the Macrobusiness site) and if the government were to pull just one of its multitude of subsidies and structural supports for the housing market property investors would be totally screwed.
Let's count the government supports shall we:
- First home buyers grants
- Negative gearing
- Sacred cow status for housing not counted as an asset for welfare payments
- Discounts on capital gains tax
- Failure to prosecute the institutionalised rorting of deductions on property housing improvements
- A taxation system that taxes income at a punitive rate relative to capital.
