Been reading this forum for about 5 years, but just registered as I wholeheartedly agree with the opening post, granular reduction over years of the real value of houses. ZIRP for 5-10 years, the increase in both disposable cash and double incomes will keep prices high. The rental laws in this country also lend themselves to high house prices as does the ingrained mindset of the British. Yorkshire Building Society are offering 10 year mortgages at 4.5%. Plus TPTB will not let house prices collapse due to the political implications. Adding onto that, starter houses in my area, Sheffield, have reached what I consider within the reach of FTBs, single income with decent deposit, at around the 80-90k mark. Not a troll, agree with the majority of the sentiment on this site, just think there are so many fundamental reasons why this time it might just be wrong.