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Wrong and very old thinking it is not about supply and demand anymore those day are gone and will never to return. It's now about being able to afford a mortage and whether you can find someone to lend you the money.

“God you lot” We had over ten years of a house price super cycle that has now ended, in that time house prices outperformed the stock market which is not the norm. We are now going back to the norm, house prices will fall over next few years in real terms if you include inflation by about 20%...