[tweetiepooh]

My parents' endowments did make enough to clear the mortgage with some to spare and while they did have high rates the level was also quite low compared to how my dad's income eventually increased - not always easy though.

I started my "endowments" before I bought my first house and thankfully my wife had inherited money so when we did move we didn't need to increase our borrowing. We also switched to a repayment mortgage as it became clear the endowment would fall short though eventually one did hit target and while the other didn't we could still pay off mortgage and have enough to renew my car and a bit more.

I would hate to think of starting off these days as prices are so much above earnings.

But I don't think it's just the boomers hogging the houses but investment companies, sometimes overseas, who own large amounts of property and they won't be as affected by downturn in population.