^^^

Your property bubble just followed ours by about 4-5 years. No shame in him renting and sitting tight for a year, especially if rents are lower than carrying costs on a comparable property.

It will burst eventually. Just like the interest rate rise and generally uncertain conditions have slowed down the US markets that I'm watching in the last month. No media reports yet, but data are always crunched 2+ months late. (And in any case, "current sales" are things that went into contract in May or June.)