Except at the lower end of the market rents are still unaffordable and social housing has dropped off precipitously since the 80's. And housing starts for house

Except at the lower end of the market rents are still unaffordable and social housing has dropped off precipitously since the 80's. And housing starts for households on less than the median wage in London is at its lowest since WWII. So I guess this is a case of convergence, higher priced housing is dropping and lower priced housing is increasing. This effect will probably become more pronounced if interest rates start to rise.