[pip08456]

Originally Posted by ianch99

Some people certainly think "House price inflation is good for the economy and creates growth". First link on a Google search:

How the housing market affects the economy

In a general sense as that quote states it is true however when a country has an austerity led economy as we do the opposite applies.

Higher house prices = less available for economic growth as people are servicing their mortgages instead of spending money elsewhere in the economy.