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@Sparky
I'm with CYOA on this: I'm not looking to make money on a house, and I'm not really banking on it going up in value. It's just somewhere that eventually I won't have to pay to live in. I'm fed up giving a big chunk of my rent to someone just because they were able to buy into a slightly saner market.
My biggest gripe now is that having done the sensible thing and saved hard for years, I'm now seeing that pot of cash eroded by inflation. I'm also unable to buy somewhere decent in London so must continue saving, at the same time as paying all this rent and compensating for the erosion of my savings.
Eventually when I do buy, it'll probably end up costing me more than renting, but I won't feel the need to save then, it can happily go into the house. Plus your mortgage gets cheaper with every passing year. Unless interest rates shoot up. Which they will.