I think that's the current catch-22. Maybe am not seeing things correctly but this definitely depends on generation. We have been living for decades in this financialized world where the creation of money through debt has created the dynamic where everything is poured into housing which has driven up the cost to nose bleed levels. I certainly feel for younger people trying to get onto the market now and we need to change the damned system so that, as Jeff Booth says, housing goes back to utility value and is more available to all. The insanity of the mortgage availability driven housing boom is causing problems for many.

I remember being a student in London and trying to persuade my father to buy a 5 bedroom house in Camden for 95,000 pounds because i thought the market would go nuts. I didn't really understand the dynamics at that age but just had a feeling. He never bought it but it was worth over 1.5m just 5 years later. As far as I can tell, that's just stupid based on easy credit being sloshed around the system.

I can't say I know what the fix is but I do think easy credit simply makes everything harder for all in the long run