Report Mortgage Rise Will Plunge A Million Homeowners Into Perilous Debt in House prices and the economy Posted December 30, 2013 · Edited December 30, 2013 by red Really, how many old people are rattling around in family houses, living in one room, because 'they are not giving it away'. They never go upstairs unless the council (taxpayer) has installed a stair-lift and they will gleefully tell you what they paid for the house and what it is now worth. Heh - I actually know a few people like this, living in huge family homes petrified that if they sell up and downsize they'll miss out on another boom in prices. Also, what do they do with the profit? The average pensioner isn't going to want to risk their 'hard-earned' property cash in stocks etc. and there's bugger-all return on cash investment... Oh, hang on - they can give the cash to their grandchildren to help them 'up the property ladder'.