I meant that instances where homeowners really win or lose significantly from rising house prices are edge cases. They exist and are common. But, they go both w

I meant that instances where homeowners really win or lose significantly from rising house prices are edge cases. They exist and are common. But, they go both ways. I believe that the mentality you are describing is generated by the system moreso than it generates the system. If people expected their £150k house in Norwich to be worth £125k in 10 years, the whole psychology would change. people would see houses as what they are. Things that cost money. Things you live in. *I also think that all the mortgage encouragement is counterproductive. If 10 year loans were the norm, house prices would be lower. Own-to-let would require higher returns (7-9%) over a lower purchase cost, but housing as an overall cost to the people in the country would be lower.