It isn’t a matter of a blip, then things will be back to normal. Normal was what existed before ie house prices rising roughly in line with wages and general inflation.
The peak of house prices in 2007 was based on historically very low interest rates and even then millions of people were having to buy their food, clothing, holidays & cars etc on credit.
Not only that, people weren't even paying the interest on their credit cards let alone paying off the debt, they were just rolling their debts over into '0% interest on balance transfer' deals.
Anyone who thinks that this type of 'economy' is sustainable and that we can ever return to this situation is clearly themselves insane
Game Over ……..
Rant Over………..