I'm not smart enough to know that mate, but I could only guess a lower dollar, through using macroprudential policy that would have allowed lower interest rates to to stop the rot without inflating housing might have helped.
Also unfortunately many of the best and brightest POQ for various reasons and we're left with the bankers, lawyers and real estate developers who inevitably have enough pull to ensure real estate becomes a protected species because it lines their pockets.
Fair chance mad crazy house growth will go on for a lot longer, but I doubt it will be good for the country.
