Search results

(1) At the point this sort of thing occurs housing market activity is basically dead anyway. (2) At this point governments will have much more urgent short-term priorities such as bond vigilantes (and in Ireland's case the Troika) who demand austerity. Hell, Australia is already going along...

The crash has already started in my opinion. However the removal of NG is still a whiles away. Prices haven't fallen enough and the government isn't desperate enough for tax revenue yet.

NG will most likely end once house prices have crashed. The economy will be in such bad condition that governments will be desperate for tax revenue. Property will be one source as the Irish and American experience shows. One reason why NG will be singled out is that NG only affects...