I'm not sure a property price crash would achieve this goal.
You will have to decide for yourself if I'm speaking from experience or have motivated reasoning, as I'm saying this as an overseas absentee landlord who bought a UK apartment around the tail end of the previous price crash, initially as a place to live in until I decided the UK wasn't for me any more, and was rich enough to do so without a mortgage.
(I left the UK in 2018 due to a mix of Brexit and technological incompetence in the form of the Investigatory Powers Act. Would have left UK sooner but for parent with Alzheimer's).
Reason being: the income from housing doesn't have to come from reselling houses (which a price crash would impact) — I'm collecting rent, not flipping property. Forecasts future increases to rental rates suggests it won't keep getting worse (relative to general inflation) than it already is for renters, but it's already obviously quite bad.
In 2018 the UK had not officially completed the process of leaving, so I found a spare room in Berlin, got on a plane and flew, did the initial paperwork for registering with the various things that need to be registered in Germany, and went job hunting.
Just before the actual cut-off date for customs controls, I had the stuff that had been in storage (loft of family house) shipped over.
You will have to decide for yourself if I'm speaking from experience or have motivated reasoning, as I'm saying this as an overseas absentee landlord who bought a UK apartment around the tail end of the previous price crash, initially as a place to live in until I decided the UK wasn't for me any more, and was rich enough to do so without a mortgage.
(I left the UK in 2018 due to a mix of Brexit and technological incompetence in the form of the Investigatory Powers Act. Would have left UK sooner but for parent with Alzheimer's).
Reason being: the income from housing doesn't have to come from reselling houses (which a price crash would impact) — I'm collecting rent, not flipping property. Forecasts future increases to rental rates suggests it won't keep getting worse (relative to general inflation) than it already is for renters, but it's already obviously quite bad.