I think if we introduced the following rule it would give everyone piece of mind and let them get on with there lives, without worrying about house prices.
If you are 30 and earn less than £40k you cannot afford to buy and should spend your life renting, Unless you have already bought
Just to make it clear if you earn £39k at age 30 and £40k at 31 you should NOT buy.
Now when you hit 30 and you know you will never buy you can plan around this. Try and get renting contracts fixed for 2 years to keep your moving / agent costs down. We need to get away from the mantality that everyone has the right to buy. NO they don't only people who can afford to meet the cost should buy.
Look at all the benifits ranting provides i.e never having to worry about the boiler repair bill.
What do people think?