Report It Has That 2007 Feel All Over Again... in House prices and the economy Posted January 31, 2010 Your first paragraph is nonsense because every man and his dog has been into property for the last ten years, people who normally lived in council houses became BTL landlords, this is the first and last time we will see such participation in our lifetimes. If that level of participation can`t keep the market afloat, nothing can. There is a transfer of wealth all right, but it is from the leveraged to the debt free. If living standards decline no one want`s to rent your house, and no one want`s to buy your house, therefore the house owner or "owner" just gets poorer. Second paragraph - how do you know this? Third paragraph, there are no positives to HPI anymore, I agree, because of this there is no more credit for HPI, game over in other words, everything has changed. The "rigged" game recently lost around 20%, and yes no one really wins in a casino which is now obvious to all? Well said, agree entirely.