Of course it is, and unfortunately you see it a lot on HN - apparently no one in any country can afford houses anymore. It's like this Futurama joke - "no one drives in Manhattan anymore - there's too much traffic". On this side of the pond it's the London residents saying that no one except for the ultra rich can own houses, forgetting that in other parts of the country you can buy a (new!) house for as little as £100-120k.
Yeah it's true inside London. I was there a few years ago looking at house prices. 500k pounds gets you a two bedroom studio flat in the London and a 4 or 5 bedroom fully furnished family home 1hr outside of London. That same 4 bedroom house inside London was between 3 and 5 million pounds.
But for the working class/lower middle saving up 10k pounds for a deposit is real work.
No? Because I live in one of those shitty parts of the country and since minimum wage laws still apply here turns out that saving £5k for a mortgage deposit isn't as impossible as saving £50k down in London is.
Is this based off an SV mindset? There are plenty of homeowners that aren't rich around the country.
Plus less pollution in the air helps the masses too, with fewer health issues and less extreme weather on a long term basis.