Quote Originally Posted by OldRider View Post
My dad had a saying he often repeated, and I think it is relevent, "Whenever someone get something for nothing, someone
else gets nothing for something." In my opinion we have have too many that get too much for too little, right through the
economy from top to bottom.
Agreed.

One thing that is also worth mentioning is the favourability of housing as an investment. Quite clearly investment properties are not treated as investments in the same way as equities are, and the resulting speculation drives up prices.Now I must admit I don't know the full details of the possible AMI rescue, but I believe it highlights this exact point.

What is going to happen to investment properties that are insured with AMI (lets assume that AMI can't pay out in the end)? Will the government end up bailing out these property investors? My guess is that they will be greeted with a smile and a fat cheque.

This would be a travesty, and would just cement the "no losers capitalism" ideology that has run rampant in this country.