The alarmism to push house prices higher is reaching fever pitch.
Twenty percent in a few years is hardly normal, frankly it sounds desperate!!
The banks cannot be too far from bankruptcy one would presume and the RBA we know is desperate to cling to the fantasy higher house prices fuels more activity as if expense is not a topic.
Josh seems to think the main street can be harvested to fund any rebound? Is this looking likely?? Hardly it would seem because they cannot spend what they have not got.
How is Josh going to fund more stimulus?? I think it must have to come from property taxes because there is no other source left but if property taxes can be the source of billions if not trillions in government revenue income taxes should be able to be cut to boost even more activity on the plus side especially as the costs of immigration are being curtailed!!!
