Quote:
Originally Posted by lorenavedon
we'll see. I just don't see the government letting house prices fall. Even if it means killing our dollar. After oil and gas, the housing industry is all we have left. They'll take our dollar to 2:1 to the US if needed to keep this afloat.
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This theory I disagree with.
I would agree with you if interest rates were 5%.
But the government played that hand in 2008.
We have had growth since, but our government never raised rates to bring back their cushion. They were to afraid to limit the growth.
That option is gone.