House prices in Britain are still too high. They are unaffordable on almost every measure ever used, except for those cooked up by using mortgage interest rates, which are currently at a record low and will one day rise. And then we'll really be in trouble.
The comments are surprisingly supportive. So far no Home-Owner-Ists have piped up saying how great it is when housing becomes even more unaffordable. Presumably they're over at the Express and the Telegraph.