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Here in AU the Federal Government is considering allowing access to superannuation (compulsory retirement fund paid out of your wage) to first home buyers to help with a deposit. An interesting opinion piece[0] discusses how this might be construed as a ponzi scheme.

[0] - http://www.abc.net.au/news/2017-03-16/super-for-housing-depo...

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Similarly first home buyer grants or stamp duty concessions, they sound appealing to young couples struggling to enter the market but have repeatedly been shown to do nothing but inflate the market further.

When confronted with a golden goose that pumps money into the economy no politician wants to take a long term view of impacts, particularly when it's their generation making easy money at the expense of those who follow.

Indeed, in AU there is also the pressure of negative gearing, which enables a lot of high earners to buy many properties. Even removing negative gearing from properties is a really tough ask to get through politically.

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