Hence Andy Burnham's threat to build council houses again. It is a good threat, get on with building the houses before we reduce the demand
If house prices fall, or even stagnate, it'll start a chain reaction that leads to recession.
Its basically free economic growth, and UK made it's money largely from empire anyway, so now the empire has largely fallen it's no surprise the country has been cutting public services for nearly 20 years and still isn't breaking even