Part of the reason that house prices have rocketed is the ridiculously low mortgage rates that people used to buy the most expensive house they could afford. I get that the current situation is a real concern for many but if people managed their finances/spending on the assumption of 2% mortgage rates they were taking a big risk. One of my lads bought a couple of years ago at that rate and our discussions about his income were always about “what if” in terms of inflation.