Even in the most extreme scenario, they will be aiming to stabilize prices, so it will take rising wages over at least a decade to make housing affordable. They won’t want to see prices dropping because they will be worried about a financial crash when people start walking away from under-water mortgages.
Edit: not disagreeing with your main point. Cutting off immigration entirely would be suicidal for a country with our demographics.
Even in the most extreme scenario, they will be aiming to stabilize prices, so it will take rising wages over at least a decade to make housing affordable. They won’t want to see prices dropping because they will be worried about a financial crash when people start walking away from under-water mortgages.
Edit: not disagreeing with your main point. Cutting off immigration entirely would be suicidal for a country with our demographics.
I’d say that’s a fair assessment of things. No worries, I’m happy to get more context on matters I should be better informed on.