Over the past 30 years buy-to-let has fundamentally changed the housing market to the point where I honestly don't believe there'll ever be a housing market crash again. Rich people will buy up all the available housing stock to rent out (or to AirBnB) if there's a small price drop. That will stop there ever being a big price drop.
Barring a sea change in housing policy that enables massive amounts of new houses to be built, I would make a significant wager that in 50 years time about 75% of people will rent their home all their life.
Barring a sea change in housing policy that enables massive amounts of new houses to be built, I would make a significant wager that in 50 years time about 75% of people will rent their home all their life.