It was just an example of another rich country that had a housing bubble, that's all. If you are so confident that prices will always go up, go ahead and provide some explanation instead of calling people delusional in your original comment. Perhaps you could you start with "they ain't building anymore land"?
I really do love this site sometimes. You're actually using Japanese house prices to compare to the UK .... I dont even know where to start so I wont bother (lol)
This is a much more interesting graph. We have been in a period of unprecedented cheap cash & QE. Combine this with the strong British view that "prices never go down" and you get the situation we are currently in. If the overall public sentiment changes we could be in for a very bad time. Of course, no-one really knows but a pessimistic view is justifiable. Housing prices can and do go down (and stay down). See Ireland & Japan.
They won't find me as i'm well hidden:D