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Trading in housing futures : Comments
By Kim Carr, published 31/7/2006Governments can and should take action to improve the prospects for young home buyers.
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Posted by Bazz, Monday, 7 August 2006 3:15:42 PM
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Thats the way it is and if you don't like get off the planet.
It is a matter of the money available to buy a house.
It could be the wife that borrows the money as she may have a higher income, but so long as they don't borrow on two incomes.
It is no good whinging about how things have changed and women are no longer in the kitchen.
Thats got nothing to do with it.
It is that politically correct attitude that has got couples into this mess. I have seen it in my own family and the problems
with miscarriages and difficulties becoming pregnant are all related to the high cost of houses simply because they had to put off having children till they were in their late 30s.
Now tell me the feminists didn't shoot themselves in the foot.
I am sure they never thought it through or they would have seen the problem as it is so obvious. The banks opposed it but the government over ruled them.
If only one income was available to borrow against then the price of houses would *have* to come down
or they would not be able to sell them.
Interestingly the extra money did not go so much to the builders but mostly to the developers and the government in stamp duty.