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I don't disagree, Nick, housing is a safer investment for ordinary people than placing our savings in the grasping hands of the corporate world, but we'd all be better off if we could stop the market from overheating.

As for your second paragraph, I don't see the big difference. The banks have been told to limit mortgages to 80%, the balance to come from a deposit and repayments to be limited to a maximum multiple of income. No special legislation was needed.

[QUOTE="Grey, post: 2518792, member: 65112"] I don't disagree, Nick, housing is a safer investment for ordinary people than placing our savings in the grasping hands of the corporate world, but we'd all be better off if we could stop the market from overheating. As for your second paragraph, I don't see the big difference. The banks have been told to limit mortgages to 80%, the balance to come from a deposit and repayments to be limited to a maximum multiple of income. No special legislation was needed. [/QUOTE]

Verification: 5 + 3 = ?