First, rental yields are actually very low in London, so it's not actually very expensive to rent vs. owning -- the benefit of owning comes from equity growth,

First, rental yields are actually very low in London, so it's not actually very expensive to rent vs. owning -- the benefit of owning comes from equity growth, and it seems prices are finally plateauing, so it's not an obvious investment, at least not for anything less than 10 years. Second, the kind of place we'd actually like to live in is ~£1m, and we could probably only afford to buy at a bit more than half that. That might be sensible if we were in it for the long haul, but we're not, it's unlikely we'll stay in London long term, not the place we'd want to start a family.