[Moonman62]

There will come a point where it won't matter how much they lower rates. When Japan's real estate market tanked, they were offering loans at zero percent and there were still no takers.

Japan had a problem where banks couldn't offer any loans because they never wrote off bad loans.

[GodGunsGuts]

I just got done reading an article that stated when Japan lowered interest rates to zero, they still couldn't attract any RE buyers. Real Estate continued to decline for over a decade.