The stress test should probably be more like document rate plus 1% or based on a more reasonable benchmark, otherwise it is fine and totally necessary.
The idea that no one can afford a house or that it is hurting real estate sales isn't a good enough reason to continue down that path. We know where it leads and it isn't good.
The real problems are deeper. Wage stagnation, foreign property ownership, low interest rates for a decade that gave the perception of affordability etc.
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