fed govt hooked on mining boom then.... bust.
fed govt hooked on housing boom then..... ???
a 10% correction would be healthy but think we may get more.
russia usa conflict may spark global war and higher rates that would wipe out the speculators and drive prices down.
and send many broke
we had 1 qtr of neg growth early this year a property correction just a matter of time and so to a recession.
fed budget should tackle the following
1-neg gearing reduced concessions have cap gain discount pegged at 30% on new homes only
2-limitinmg number properties in a super fund or held personally
3-forcing inestors to refinance to int and principal only
4-forcing states to abolish stamp duty
5-abolish fhog
