So this is the moment a generation of accidental tenants have been waiting for. The lone voices that called unsustainable on a housing market that rose 213% in less than six years, outstripping salaries, outstripping sense, were telling first-time buyers to bide their time.

Our publisher, on why it's worse and worser for first-time buyers, in his weekly guest column for Citywire.

Technorati Tags: property, real estate