I mean for primary residence buyers, payments will still go up with interest, even though the asset price increase may slow or even decrease in value. So no, l

I mean for primary residence buyers, payments will still go up with interest, even though the asset price increase may slow or even decrease in value. So no, low interest rates are not really in your favor unless you already own the asset and are seeking new financing. Yes, people owning units and using them to buy new units while still being able to cover all their payments is seems like a problem, but it's almost a self-sustaining loop as long as they are able to keep increasing rents. It seems like this loop only stops in recessions. Some moves to make rents less attractive long-term might be helpful, but then you get the problem of who builds new housing if there isn't much profit in it? I think phasing out mortgage interest deductions over time beginning with a cap would be one positive, but as we saw with the recent SALT cap, that effect is mostly overridden by other factors at least today. I don't think there is a single entity or action that can be pointed at, there are many inputs, with only recession (in one city or the whole country) seeming to have a strong enough signal to override all the other inputs for the most part. Hiking interest rates to 15% ala the 80's also might work, but I don't expect to see anything near that.