I wasnt trying to insinuate they would.. and as another poster stated its apra.. I was merely showing how quick and decisive it could be...
It would only be to cool down property investors...
I am sure Dex u are of similar vinatge where we saw interest rates at 18% .. ouch...
Lets say in the next 5 years they somehow go to 8 %... That means many mortgages would double in repayments... how many could afford it ??
I understand the need for affordable housing.. I am actually involved in providing housing for people coming out of 24/7 supported care through a not for profit organisation.. (thats where I volunteer my hrs) we have targeted men aged 18-25 as the group that are vulnerable and need a hand up...
Its a basic right to have a roof over your head in my opinion... Too many in our "first world" country do not still have their needs met... its not an easy solution to resolve.... Housing stress is affecting many families, and partly due to investors/speculators driving the prices up due to cheap interest rates imo....
