Thanks for weighing in pseudo first of all.
I'm not 100% against it, I just don't like the timing. There have been immense changes in the last couple years, and the markets haven't fully adjusted yet. I would have liked to see them wait.
What I would really like to see them do however is start clamping down on unsecured debts (credit cards/vehicle loans/lines of credit etc.). As you mentioned, society is heavily indebted, and most of that is household unsecured debt...with little to no regulations. I just bought a car a few months ago for the first time in a few years, and I literally asked the finance guy "Is that it?!". They asked for ZERO income documents.
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