[tweetiepooh]

One way to look at this is if prices fall consistently then the gaps also fall so people who can't afford to move up now can (may) vacating smaller and possible cheaper properties and so on down the ladder.

Unfortunately if prices do drop the the property investors are more likely to move in, hoover up more properties and we are likely worse off than ever.

And demand in London and the South East will still inflate prices there, forcing people to live further out push up prices there and so on. HS2 will see price inflation further afield as those places become (more easily) commutable to London.