Santander research headlines that the current cost of buying is cheaper than renting in all areas of the country, except eastern England, where mortgage payments exceed rental payments by a whole two pounds, Great, you may say, and a win for the property owning democracy.

But you really need to look at the statistics. First, it is only the average. Secondly, look at the low level of mortgage rates at the moment. Third, the research also says that the average deposit is 21%.

So, how do those who can least afford to get on the housing ladder, and what are the implications for us all? Can anyone hear the sound that preceded the bursting of bubbles, if not also the dreams of those who just want somewhere to live?