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Anything that puts downward pressure on house prices is good - get rid of negative gearing and first home buyers grants, then people will be able to buy a house without becoming debt slaves for the rest of their lives. There will be an economic hit while the market adjusts but in the long run it's better for the economy if people don't have all their disposable income tied up in loan repayments. Markets and financial systems have become very corrupted and sick over the last few decades.
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