The Forum > General Discussion > Housing Bubble
Housing Bubble
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I know how it all works, I just don't subscribe to it. I believe there are much better & fair systems out there waiting to be used. Yes, I know it's worked like that for a very long time but it is nearing its use-by date. It is no good anymore as can be deduced from the situation we're finding ourselves in now. If it is as good as you believe then why isn't it working anymore or are the present economic indications just a figment of the imagination of those who lose out ?
The present system is not a sustainable system. It's like many other things that work for only so long. You can't on one hand talk about fairness yet on the other hand you promote negative gearing. The unions have never understood it nor have many managers. The only reason many businesses survive is because of the writing off bail-outs. Anyone could make a profit if they had to pay less tax.