> It takes a lot of government subsidies to make that happen No doubt, but the upside is a populace not especially at risk to interest rates which is absolutel

> It takes a lot of government subsidies to make that happen No doubt, but the upside is a populace not especially at risk to interest rates which is absolutely crushing and systemically risky currently. > in particular the government assumes the credit risk on something like 85% of US mortgages. In Canada, CMHC does something similar so I am not sure we get away with anything special that the Americans are not.