Up until a few years ago, purchasing a property was presented as an important way to build wealth and accumulate capital. For most households, if you exclude defined benefit pension plans, that was the main source of capital accumulation. Do you think that's still true? Do you think we should somewhat reconsider how we see property and view it as a place to live, and invest in more productive assets, for example? Doesn't the high level of household debt, particularly mortgage debt, to some extent eat up savings that should be invested elsewhere in the economy?
