What do we think about the property bubble? Are you bubbling under, hoping to make a killing, or are you bubbling over with joy having just secured a 100 per cent return on your investment? Or are you waiting for it to burst?

But what it you are one of the millions of young people in Britain unable to afford so much as a one-bedroom flat in an area once thought bottom of the heap but which estate agents now assure you is gentrifying and crying out for a punt?

It’s not as if high house prices are making everybody rich. You only get the profit when you sell, and then you still need somewhere to live that now costs as much as three times what it did in 2001. Instead of sinking everything you had into bricks and mortar, would you prefer to live in a house that cost you £100,000 at the turn of the millennium, then rose in value gradually over the next 20 years to, say, £125,000? The effect of this would be not only that your children would be in with a reasonable shout of owning their own home but that you and your wife could afford to eat out twice a week and exchange that ageing Nissan Micra for a brand-new all-electric Tesla.