A government with few ideas offers a rinky-dink first-home scheme on the run | Greg Jericho

The announcement was a ‘who knows’ policy and yet the ALP jumped in to match it. Why? Because politics

Nothing demonstrates how election campaigns are often a triumph of politics over policy than that two days after the Reserve Bank signalled the economy is set to grow slower than expected, the Liberal party announced a policy to assist some first-home buyers with a deposit guarantee and the ALP matched it two hours later.

It should not be a surprise that such a housing policy would be announced by the Liberal party – their primary response to housing affordability has always been to pump the demand rather than supply.

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from The Guardian http://bit.ly/2PYIgVg
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