SCF bailout could kick-start property market

What a stupid statement. Have these people learned nothing from the recession and what caused it. The property market is overblown, overinflated and needs at least a downward shift of at least 25% to bring it into line with the NZ economy.

Wishful thinking from a real estate agent. I would suggest that if he looks at the people involved not many want to be landlords, if they could even afford to be, and if they did a vast majority are from south canterbury, and they will hardly be likely to buy an out of town property and manage by remote. As for the idea of freeing up lending, I was not aware of banks having no money to lend and have never heard someone get turned down because the bank needed extra depositors. The problem is more that customers don't meet their current criteria, so having a trifling amount extra for each bank is hardly going to boost the housing market. Stupid analysis yet again, as was the case through the entire Hubbard affair - the government is going to bomb $600 mill, which is not good, but in terms of perspective they will bomb $10bill this year and next so its only within the treasury budget error zone