Idea - Anti Housing Bubble Policy

What if the central bank regulates that banks must measure the price comparison of per meter square of property with 1 sack of rice.
If it exceeded 300 times then the maximum leverage must be 60%
400 times then the maximum leverage must be 50%
600 times then the maximum leverage must be 40%
and so on.
So people can still freely buy property but using mostly their own money if the price is relatively unreasonable.

Something like that.

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