Labor's housing ponzi scheme to create mortgaged backed securities future, page-2

First 2 Last

Share
Profile

Follow
Hinchinbrook

25,937 Posts.

508

04/05/22

08:16

Post #: 61186894
Share

Originally posted by Cowboyinvestor: ↑

Labor's newly released thought bubble introduced at their campaign launch in Perth over the weekend, has been blow to pieces by nearly every media outlet, in just 3 days.

Firstly, there's the issues of forced equity buy-backs that disincentives participants into bettering themselves out of the $120,000 (per couple) income bracket. Should participants see their income increased over the $120,000 participants will be required to pay back the government equity immediately after the 2 year grace period.

Secondly, there's the issue of the forced recovery on inherited property, for participants unable to afford the continued agreement. Which would require any children/family member's who inherit the property to sell the property in order to pay back the government guarantee.

Thirdly, and possibly most importantly there's the issue of negative equity caused by low deposit buying schemes, during property value corrections with rising interest rates. This would likely result in a Labor Government seeking a US styled MBS (mortgaged backed securities scheme) whereby bonds are secured against properties, particularly properties with government equity.

Then there's the obvious hole in their costing. Anthony Albanese disingenuously suggested the program was costed at $347m, however this was quickly laughed off by the press pack when simple mathematics could see the program will likely cost the government upwards of $7 billion over the forward estimates...

This begs the question... is it time Labor stopped creating policies on the back of beer coasters during commutes...

Expand

WRONG Agaaaaaaaaaaaainn..... Do some ACCURATE research on the Policy..... LOL

A POLICY that has been PRAISED by Morrison, in the past.....LOL
1 Upvote

Reply

Top Stories

OSL

OncoSil wraps up recruitment for key pancreatic cancer trial

Week 27 Wrap: 40% China tariffs?; ASX +10% FY25; US Amazon price spike

AII

Inside the Depths of Panasqueira: A Legacy Carved in Rock

KGD

Kula picks up unexplored niobium play in Malawi, with surface samples logged

NMG

New Murchison Gold blasts off at Crown Prince as 'better than expected' results return

DMP

Is Domino's a steal after -25% plunge?

THL

Tourism Holdings says Liberation Day tariffs smashed US RV demand

Listen: HotCopper Wire Podcast 016 – FY25 ended up not so bad... but Trump unpause is coming

Trump chides Powell as Goldman call for calm. The RBA must be nervous

HotCopper Highlights, Week 27: G8 scalped, Domino’s drops the box, Gemlife brief hype & more

First 2 Last

Labor's housing ponzi scheme to create mortgaged backed securities future, page-2

OncoSil wraps up recruitment for key pancreatic cancer trial

Week 27 Wrap: 40% China tariffs?; ASX +10% FY25; US Amazon price spike

Inside the Depths of Panasqueira: A Legacy Carved in Rock

Kula picks up unexplored niobium play in Malawi, with surface samples logged

New Murchison Gold blasts off at Crown Prince as 'better than expected' results return

Is Domino's a steal after -25% plunge?

Tourism Holdings says Liberation Day tariffs smashed US RV demand

Listen: HotCopper Wire Podcast 016 – FY25 ended up not so bad... but Trump unpause is coming

Trump chides Powell as Goldman call for calm. The RBA must be nervous

HotCopper Highlights, Week 27: G8 scalped, Domino’s drops the box, Gemlife brief hype & more

Featured News

Featured News

Labor's housing ponzi scheme to create mortgaged backed securities future, page-2

Top Stories

OncoSil wraps up recruitment for key pancreatic cancer trial

Week 27 Wrap: 40% China tariffs?; ASX +10% FY25; US Amazon price spike

Inside the Depths of Panasqueira: A Legacy Carved in Rock

Kula picks up unexplored niobium play in Malawi, with surface samples logged

New Murchison Gold blasts off at Crown Prince as 'better than expected' results return

Is Domino's a steal after -25% plunge?

Tourism Holdings says Liberation Day tariffs smashed US RV demand

Listen: HotCopper Wire Podcast 016 – FY25 ended up not so bad... but Trump unpause is coming

Trump chides Powell as Goldman call for calm. The RBA must be nervous

HotCopper Highlights, Week 27: G8 scalped, Domino’s drops the box, Gemlife brief hype & more

Featured News

Featured News