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04/02/11
16:51
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i have been told by a Singaporean thats pretty much how it operates there for about 80% of the population
there are plenty of other solutions to housing affordability
simply have a much bigger deposit when buying a house would keep prices down and protect the banks from going belly up
also for investors make the deposits much higher than primary residence mortgages - this is what they are doing in China i believe
also get rid of negative gearing and tax on bank interest
it would also help if settlement prices on property were freely available
much more land releases as well
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