House prices (again) but on the up.

[The Lone Gunman]

I'm sure you are right. My modest SW19 pile has quadrupled in price (at least) in 15 years. Thing is these days we haven't got rampant inflation to erode the value of the debt quickly. I just look at my parents' generation. They bought a 6 bedroom semi in Birmingham in 1971 for £6k. By the end of the decade inflation had eroded that so much the mortgage repayments were negligable

Yes, a good dose of rampant inflation is as good as a property boom.
Just imagine if you earned enough per month to pay off your mortgage.