I think it depends. If you got a mortgage in at the lows you would be rather happy getting a large bit of the house 'free'. It's not always a bad thing when stu

I think it depends. If you got a mortgage in at the lows you would be rather happy getting a large bit of the house 'free'. It's not always a bad thing when stuff gets expensive. Try getting a mortgage where property prices tend not to keep their value. I've lived in a place where they struggle to get land prices going up and it's awful. It's way better to have the problem the UK has than to have it going down. Even the support infrastructure (police, etc) deteriorates to the point you get disgusted with crime. My car's side mirror gets stolen and even the police wouldn't care about it even If I have to buy it back from them. In the UK its mostly surrounding London, there are parts of the UK where land is affordable. I'm quite familiar with the UK's schemes including right-to-buy. Probably not a good idea since its just guaranteeing a portion of the deposit. Makes people buy what they can't afford.. (subprime?) I might want to point out the UK is doing quite well alongside a great number of western nations (even though they're cutting their budget). I'm not politically inclined to Tories but this fact can't be distorted.