Careful what you wish for tcisboss. If prudence was in fashion - as it should be - your investment portfolio would take a substantial hit. Imagine if all-and-sundry realised leverage above - say, 70% LVR - was too much? The falling credit issuance would do some serious damage to house prices going forward. Starting at the FHB market, and then rippling upward through the market as the lower prices result in smaller deposit for subsequent purchases.
