Tuesday, January 24, 2012

First home owners and crack cocaine

imageChris Richardson from Deloitte Access has an interesting piece on government stimulus programs in Deloitte’s quarterly Business Outlook, which includes the following neat little summary of government first home owners schemes:

“First home owner programs are the crack cocaine of fiscal stimulus. They usually work a treat. But they make young couples spend too much on their first home, making their lives miserable down the track.”

Some other extracts of the report can be found here.

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