Then I guess you will be glad to read articles like this.
https://www.stuff.co.nz/business/126...-survive-covid
Apparently 7-8% annual house price growth is not enough expect the inflation target of 1-3% to be ignored or changed according to this article. The options are to let asset prices fall, or inflate them further or possibly grow our way out with productivity increases.
Some of us did not realise we had a government guarantee when buying a house, your gloating makes it worse.
Still the article did mention why the central banks have been given an inflation target. Because politicians could not be trusted to do the right thing with control of the money printing. Sadly it seems central bank independence is not a real thing and all the spineless central bankers will not do their job when it gets tough.
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