The longer it takes to take serious action the more its gonna screw people when prices drop

Certainly true and always a difficult topic when it comes to bringing down house prices. It’s what those of us who don’t already own a home need but it’s political suicide to actually attempt to achieve. Home owners are still the majority of voters and also more influencial (and more likely to be donors).

I suppose the other strategy that they may be going for here is keeping price increases below inflation this is still probably not enough to do even that. Can only hope there is more to come.