Housing Market: Part 5

Is there still a housing bubble and what-on-earth is going on?

A Recap of Where We Have Been

In Part 1, we established that there is a housing bubble.
In Part 2, we estimated how large this bubble is.
In Part 3, we compared the modern housing market to a Ponzi scheme (!?).
In Part 4, we speculated on what the future of the bubble might look like.

Today, in Part 5, we will re-value the UK Housing Market, address some of …