You are very right on your main point, but some nitpicks on your data: * Your data is for all workers including part-time workers (including students and part

You are very right on your main point, but some nitpicks on your data: * Your data is for all workers including part-time workers (including students and part time for lifestyle reasons like parenting). Full time work pay averages are quite a bit higher - median at £28k, 90th percentile at £56k. In London where the housing lottery problem is more extreme, it is partly because pay is also higher - full time annual median at £35k, 90th percentile at £75k. * The median earner doesn't buy property - the people who buy houses are the prime-age segment who earn quite a bit more.