Paul1405,

Doesn't surprise me in the least.

After all, birds of a feather flock together.

birds of a feather flock together.
Mr Opinion,
Yep, like you & Paul, the last of the 'oooh, me doodle birds'.

Easy credit is a sure way to inflation, which is probably why they are considering it.

There are going to be a lot of people in trouble after the holiday of house repayments stops. A rash of distressed sales could see a quite large drop in house prices. This would lead to a lot of negative equity for people who were recent purchases.

Under such circumstances the banks will not want to foreclose, but may be forced to. Easy lending, or refinancing would be expensive, but could save many, & would probably prop up house prices, saving the situation for many in the short time.

It is impossible to know if this would help many, or simply extend the pain for longer for even more.

One thing I am very glad about, my now single mother daughter has sold her house since the divorce. The pressure of funding a newly built house is something she can do without & the uncertainty of future value would be a real worry.

Paul1405,

Have you noticed how quick witted individual is?

Mr O,

You have to be quick to keep up with the repartee of good old Indy.

Still, it may well be interesting for a quick boost in economic activity. For example, I translate news articles as a side job, and get lots of demand for real estate news, and can confirm (nothing's secret, it all comes from newspapers) that easy credits will result in more people buying houses, or in a rekindled interest in things like this Munich investment property https://tranio.com/commercial/germany/bavaria/munich/investment/ .