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@Dammit
Credit fuels growth, the current government won't allow that borrowing to be public (bonds issued against infrastructure etc) so it has to he private - which means consumer credit, which means loans and mortgages in large part. They have to keep juicing the machine, so there's not a chance in hell of them doing anything meaningful to cool the housing market, it's the opposite of their ideological position (which would be to issue bonds to build public/affordable housing).