how much does a property bubble cost?, page-12

Thanks for posting.

yes, lets put things into perspective.

I think I made it quite clear that that $15b figure came from FHOG in NSW (10 years) and VIC (3 years) alone and a NG figure from wiki for 04-05.

Can you at least expand on those figures and provide your source?

What does the government do with this $150+b figure?

Is that money used for say hospitals, education, community resources, emergency services....etc?

So if that is the case, yes I have an issue with $15 Billion plus being spent to give first home buyers dead money to keep real estate above water.

Look forward to your clarification.