Springkaan, why do you think the government has the power or the cash to prevent a crash? A 20% fall translates to a trillion dollars, twice the Greek national debt.
Joolia and her cronies, that have already spent the loot on idiotic stuff, would not be able to sell enough bonds once the world realized that the market was tanking, to go anywhere near stopping a crash. They would have to start buying the homes themselves to have any real effect. Removing stamp duty and offering prize fool home owners grants would be like trying to put out a house fire with a water pistol.
