<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by why fly:
I sure hope not, it would be stupid, we need to cool the housing markets! If not you will be listening to a lot of complaints later when prices crash!
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There ya goes. You either cool the housing market by making money more expensive or you make it more expensive for the companies who need to borrow money to buy capital equipment to make themselves more competitive.
Maybe the government should require higher mortgage downpayments to cool down the market instead.