To think house prices are too high but the economy is based on them so they will be kept high at all costs

[Namechangedec15]

I thought for years that they were about to crash as too high and unsustainable. Then scheme after scheme came out to rig the market and keep them high. Its shown that they will do anything to keep them high.

I guess its because the economy is very reliant on them, so if they fell it would bring the country down with them. The pound has already been devalued massively.

They are starting gradually to tax btl more, but seems like they are slowly doing it to not crash the market, but just to get them to exit the market gradually. Then as demand outstrips supply buyers will replace the over leveraged btl people.

Therefore I conclude that a whole generation will just be funked over in order to keep them high?

Am I pessimistic or realistic? I'm seriously looking at leaving my home country.

the economy is based on it, but that's not a good thing. We all want incompatible things. We want affordable housing AND we want prices to stay high. Well, you can't have both, unless the affordable places are somehow undesirable (the size of shoe boxes? we already have the smallest dwellings in europe).

While it's likely to hurt quite a bit if prices come down, that hurt won't be universally felt. Owners who want to trade up or first time buyers win. Renters win. The losers will be buy to leave, buy to let and people who rely on borrowing on their homes for income.

There will be more winners than losers. Too bad only the people who have something to lose vote.