Lib/Lab first home buyers policies

# WTF... when will this end? #

https://www.theguardian.com/australia-news/2019/may/12/labor-says-it-will-match-coalitions-deposit-scheme-for-first-home-buyers

The property market is now not only being buoyed up by peoples pensions but not the government is guaranteeing peoples 15% deposit deficit to allow them to get into their first homes??

Rather than operate in a "free market" where supply and demand dictates the cost of property, we now have a government propped up sector first buy additional use of super and now buy monetary guarantees.

Having lived through the 2008 GFC and its implications on Europe and the rest of the world I really must ask the government to stop falsely prolonging econmic and sector growth through this behavior. It will end in disaster...! The young crippled by negative equity in properties that have been built and lined the pockets of those in power.

Let it go, pull off the band aid... or it wont just be young first home owners debts you will be guaranteeing... it will be CBA, NAB, WBC & ANZ!

# Rant over #