Oh lord dovertheroad Did your father not also tell you about a very negative event in the late 80s where interest rates were over 15%, house prices tumbled into negative equity (where you paid more than it was worth) and unemloyment was at record levels. I think if you want to brag at dinner parties you can also mention this in hushed tones, like a ghost story designed to scare the youth of today, and then mention people who got stung on the foreign property market (Spain, Dubai ...) where they paid for off the plan properties that never materialised then and only then should you mention your sub 2million property and ask "I am doing alright, aren't I? " Be afraid , be very afraid because in foxtons no one can hear you scream !