I agree. As housing policy, it's terrible, and distortionary as all gov't interventions are. Though, I do think it will be a windfall for incumbent homeowners, who will see their house prices rise.

But my point is more that it's actually a really good deal for borrowers. I would take it in an instant (assuming an attractive fixed rate), as I believe most bitcoiners should, if you actually believe that monetary inflation will continue unabated.