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Absolutely spot on.The rise in house prices and the false illusion of wealth that this created,especially amongst the wannabees and the less financially aware, has given rise to many of the debt problems seen today. Prices will no doubt fall and personally,I look forward to a time when the hard...

Can't agree there.House prices are due a correction and rightly so. 5-7% increase in 2011?Not in my humble opinion.More like the other way,I reckon.

Nothing anybody says is going to prevent house prices coming down either in an orderly fashion or rather faster.Prices will have to be rebased.Interest rates are not going to stay low for ever and no longer are mortgages with little or no deposit going to be available,so the inevitable will...

Absolutely spot on!

I know the deposit is a problem,so all the more reason for prices to drop to a reasonable level of 'affordability'.

Correct,and I speak as somebody who was fortunate enough to pay his mortgage off before the age of 50.I regard our house as a home and not a 'cash cow'.I just want young people to be able to afford to buy a house,like many of us 'older' posters on this board did years ago!

House prices are way too high on a ratio of average earnings to average house price.Have been kept there by low interest rates. I look forward to the day when potential young first time buyers can afford to be actual young first time buyers without crippling themselves with debt for the rest...