No chance, this will happen when you let developers leverage themselves to the tits in unlimited borrowing capacity with super lax repayment regulations.
As soon as some actual regulation comes in on borrowing power and need to pay the bank back. How many developers have crashed and burned.
Will take years for their developers to recalibrate with the new laws and regulations. Right now, no one is interested to build. So it doesn't even help with the ridiculous house pricing and rent.
Think its bad in Australia to get a loan. 2 bedroom apartment, 70sq m. Set you back a mil AUD. 30% deposit required and the loan duration is 10 years not 30. (This is for foreign investors I may add)
No chance, this will happen when you let developers leverage...
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