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Dont forget that the higher the income level the less people earning at that level. Sort of like a pyramid. Or maybe a bell curve, but you get my point. So as the income levels rise there are fewer and fewer people therefore less and less demand. I'd say most wealthy people own rather...

Thats a lot of rent he's paying but i bet its still a low multiple of earnings for the owner of the property. (5%?) I'd say he'd be paying a hell of a lot more if he bought the place. Must be a nice house in a nice area.

Sorry, whats OP? I'm saying renting is currently still great value compared to buying and will be for quite a while. The rise in rents is constrained by peoples ability to pay for it so will still be good value for quite a while yet. I think part of the reason property prices have gone...

Problem is we might not get "significant IR falls" and "excessive relative rent rises"(great use of adjectives by the way) real soon. It takes a long time for that to play out. Rents can only rise as fast as people can pay for them. I have already seen a slowdown in the growth of rents in...