My point was that this should bring to a head the issue of the RBA raising rates whilst government is stimulating the economy, and focus will be brought to a head that we will have high rates to stop house prices going even crazier yet it is severely impacting businesses who are not seeing the same growth the housing sector (or the vendor sales at least) are.
I don't have opinions on Stevens generally except that he raised rates to far before then cut them too much, but given the circumstances whether it was him or previous reforms or China that saved our economy, at least he's in a position to be flexible.
Tireme may be right that he just wants to be on the record as saying it, but given the majority of the general public think house prices only go in one direction i think raising the profile of the issue is a positive.
I'm 26 and pretty much all my mates, colleagues, family etc think house prices are fine becuase they always go up and a massive loan is okay because you'll make it back when it goes up within 12 months.....
