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Those 900 dollars don't just stay in everybody's bank account, they get spent, and start circulating the system and eventually consolidated into fewer hands, wh
by analyst74 8y ago
Those 900 dollars don't just stay in everybody's bank account, they get spent, and start circulating the system and eventually consolidated into fewer hands, who in turn buys properties or other assets.
- jddj 8y agoYeah ok, I don't have anything to point to which refutes that. An analysis of the breakdown of the contributors to the Australian housing bubble in 2018 would be cool to see, though. Probably some kind of even split between significant foreign investment in property, negative tax gearing, zoning laws, transport infrastructure issues and a one-off $900 payment that went to middle and low-income earners a decade ago. Damned trickle-up economics.
- ksec 8y agoI think AUS housing bubble has much more to do with Chinese buying it all up than those money government gave out.