"GLENN STEVENS: If we think about property prices as parents and you're a parent, as am I. I've got kids that within not too many more years are going to want somewhere of their own to live and you wonder, you know, how is that going to be afforded because these prices are getting quite high.""
So Glenn lifted interest rates in an attempt to force house prices down so his kids could afford to buy a home. I wonder what his next trick will be when this one fails. At least we will all know when the realestate market has hit bottom, just wait until Glenn's kids buy, then all dash in and snap up a bargain.
