kingy I admit I have no evidence to back up my theory, it just...

kingy I admit I have no evidence to back up my theory, it just seems like common sense to me that if housing prices are going to continue to rise, then ergo more and more money that people earn is going to be consumed paying that debt off.

ergo less and less money to go around for anything else.

Multiply that by a few hundred thousand mortgage holders and it must have an effect on the wider economy, yes?

PS I'm not trying to be a doom and gloom merchant on this thread, just trying to have a rational debate instead of getting into a flaming or baiting war.