There always seems to be implicit assumptions or unstated points of interest in articles about the UK housing market: 1. too much immigration is somehow unsavo

There always seems to be implicit assumptions or unstated points of interest in articles about the UK housing market: 1. too much immigration is somehow unsavoury so we'll gloss over that; 2. a price correction should happen quickly; 3. and that the UK ever had 100% home ownership. The UK has at least 10 million more people since 1997 in a country that had 58 million people, we're now over 70 million. Everything is creaking. The NHS queues, the traffic, the roads, the trains, everything. But somehow all of that is always the fault of the current government, where people pick their own arbitrary point in time, not the cumulative result of the last 25 years of 100k+ people every single year. (edit- we don't have 20% more of everything that we had in 1997, but we do have almost 20% more people) A price correction in housing will take decades. Home owners won't sell below what they bought at, rarely. House builders won't lower prices either, their prices are locked in. I've only once lived through negative equity in the early 90s and it lasted a couple of years. People stopped moving until prices picked up. And lastly, the UK has never had 100% home ownership. In fact, IIRC, the peak was 60% or so, during right-to-buy.