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I think the point is that the market is inflated beyond all reasonable expectations.
I don't think the governments proposal is a good solution. I think the industry is going to deflate naturally. The problem is, if interest rates are high and people are paying interest on a loan that far exceeds the value of the property, that's not good for anyone except maybe the banks, although they still lose money in many cases.
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Kind words are the music of the world. F. W. Faber
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