00:01The government doesn't control house prices. House prices fluctuate and they do move in
00:10line with things happening in the economy. I think there's a number of factors that feed
00:15into house prices. One of those, and an important part of that, is interest rates. As we've
00:21been seeing inflation be higher than we would like, for longer than we would like, we are
00:26seeing some of the impacts of those interest rate increases on house prices. But housing
00:31investment is a long term investment, so house prices go up and they come down a little and
00:37then they come up again. And so this is, I think for most people, their investment in
00:42housing is for the long term.
