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House-price inflation in Britain has been a pyramid debt-structure designed to artificially increase the prices of properties continually, far beyond real inflation.
In this way, the banks give out higher mortgages which in turn bring in more interest.
It keeps the banks on a continuous bank-role paid by the public, and bonuses to bankers are assured.
It brings in higher stamp duty to the Treasury, this indeed being one of the Treasuries main sources of income.
It has caused the Public to incur immense private debt in an artificial manner.
Britain's economy is essentially based on Speculation.com, and there can be no doubt that, at some time in the future, the Government, this or whichever government be in Parliament, will address the artificially high prices of properties, and bring them down to real-market levels.
It will happen, it has to happen, and it's one of my fundamental economic policies.