We need a housing policy reset, the OAPs shouldn't have the majority of their retirement assets tied up in a 1.4M illiquid house. They need an affordable off-ramp to downsize, and we need to build more affordable housing to deflate the market. This is wildly unpopular because lots of people are already over-leveraged trying to get onto the property ladder, but objectively it's the correct course to start to unfuck things.

The purpose of a house or apartment should be shelter for a family, not a retirement plan or an investment for a corporation.