kiss goodbye to more housing stimulus, page-6

http://www.theage.com.au/national/budget-reveals-massive-slump-20110415-1dhzv.html

OMG ! I delcare that anyone who can't get out in the next 2 months will not be able to get out at all without losing an arm and a leg.

The government is broke !

High interest rates (high inflation) !

No stimulus !

No First Home Buyers !

No buyers (of any kind) !

Falling Prices !

Even less demand !

More price falls !

Banks ask to top up !

More defaults and reposessions !

Few buyers still !

More listing glut !

More price drops !

Banks ration credit !

Credit sqeeze exacerbate meltdown !

Negative feedback loop goes into autopilot !