i do not agree or disagree with your comment on if the CGT tax should stay or go.
but i totally disagree that this caused the housing bubble!
when it all started howard put out a first time buyers grant like $17K or something stupid.. back wheh you could buy a house for $80 - $150K, and parents were even signing up their 2 year old kids to a housing mortgage!
if anything that kicked it off combined with low interest rates and everyone knowing it was the start of the next housing cycle.. the boom was from 1999 - 2003 its been prety flat since then and hasnt retreated back down because of no raise in interest rates.
buyer beware i say.. if your paying $400K for a house that was only $130K 6 years ago and alarm bells are not going off for you then its a hard lesson, but you need to learn it!
