It's not over until the market reaches equilibrium. Modest 3 bedroom homes up to an hours commute outside central London are still up to 20-25x the average UK w

It's not over until the market reaches equilibrium. Modest 3 bedroom homes up to an hours commute outside central London are still up to 20-25x the average UK wage. Even with 2 average incomes you're looking at 10-12x. The math (based on shift in interest rates) says there should be a 30% correction, but the reality is nobody is predicting that. More like 10-15% over the next 2 years. Meanwhile rents are going in to the stratosphere as people abandon their home-owning aspirations. Higher rates are doing nothing but causing suffering. Inflation is expected to persist and official projections of it suddenly falling away seem contrived.