Snip
Quite!
House price inflation has a secondary unwelcome impact.
Our first 3 bed semi-det. cottage cost £5000 in 1970. Affordable mortgage for a primary school teacher and an engineer.
After 5 years we needed to move because prices were moving faster than any increase in allowed borrowing.
The second house, 3 bed detached cost £23,000 in 1975.
The third house, I've forgotten how much, could only be afforded by family borrowing and was only slightly larger.
Had we not moved when we did, our children and a single salary would have trapped us in house number one.
Some friends sold a house in Hemel Hempstead, used the money to buy a mansion in France. After several years they moved back but could then only afford to buy property in Scotland!