Jake 🍺(@JakeBeer11):If ALP had even one MP that understands Housing and #Finance they would have crashed the #Housing market first and then offered 5% loans to first home buyers. Instead they did it in reverse and now we have about 40,000 young Australians with Negative Equity investments. They will essentially be paying nothing but interest and if they decide to sell they will still have a $50,000 shortfall meaning Tax Payer likely picks up the bill as the Government insured the 5% deposit loans. Spindoctor Jim Chalmers looks a lot like Gomer Pile and "gooooolllleee" he knows about as much as Gomer when it comes to economics.

2026.08.04 05:43

If ALP had even one MP that understands Housing and #Finance# they would have crashed the #Housing# market first and then offered 5% loans to first home buyers. Instead they did it in reverse and now we have about 40,000 young Australians with Negative Equity investments. They will essentially be paying nothing but interest and if they decide to sell they will still have a $50,000 shortfall meaning Tax Payer likely picks up the bill as the Government insured the 5% deposit loans. Spindoctor Jim Chalmers looks a lot like Gomer Pile and "gooooolllleee" he knows about as much as Gomer when it comes to economics.