cost of emotional blackmail, page-6

The winners on the way up are:

Propert investors at the start of the cycle..
-Bankers as they grow their lending book and bonuses
-The economy booms creating jobs

The losers at the top of the cycle are:
-All existing home owners who want to relocate
-All existing home owners who want to upgrade
-Renters losing income to high rents
-Property investors who jumped in at the end
-Banks with increased defaults
-Tax office paying out negative gearing
-Everyone as all income goes to bank interest instead of back into the economy killing jobs.

Governments that allow housing bubbles should be punished, all it does it make themselves look like they have a good economy on the way up when they inflate them, but once it peaks everyone hurts.

If people want to get rich investing, thats fine, but they should not let it be over subscribed in housing, causing prices to go up forcing people to rent and not able to own till after the bubble bursts.

Home should be there for the people first, investors second.