i think something will happen to the housing market, dont think a full on crash like in the 80`s tho, i think the prices will drop to a sensible level.
At the mo, i cant afford to buy, got 3 kids so would need a 3 bed house, and they go for around £200k round my area, and im on 20k a year, so do the maths and im no where near getting a mortgage. i have been offered 90k mortgage, so trying to save up £110k is near on impossible. i would be retired before i got the moey. And at the mo, the longer you wait the more the price keeps going up.

You have to be on a good wage and live in the right area to buy now IMO. Fair play to anyone getting on the market, if i could i would.

my advice is, if you got the chance to buy, do it, even if your young, best thing you can do.

Oh also, all these people say, i have made XX amount on my house in some many years. This is balls really, yes you may have, but you sell up, go buy another house, bet the extra money you have made goes straight on the new place as the house price has also gone up on the new house.
the only way you will profit, is if you are selling your second house, or moving to a small place. But it does make me laugh when people say., i have made £15k in 3 years.