So in the UK the Government is already underwriting first-time buyer mortgages for anyone with a 5% deposit on properties up to $850K USD. This helps noone sho

So in the UK the Government is already underwriting first-time buyer mortgages for anyone with a 5% deposit on properties up to $850K USD. This helps noone short term because the banks just pocket the subsidy, and long-term it just drives prices even higher.