Population growth is the huge problem right enough. Sooner or later, exponential growth bubbles burst. Nothing can grow faster that the ability to support it. House prices cant grow faster than incomes forever - or nobody can buy a house - so that bubble burst. More and more people can't live in the same crowded island using more and more oil from a finite reserve and claiming the way out is a "growing economy" - i.e even more people buying even more things.
Sadly a population bubble burst will make a property price bubble bursting seem trivial.
But population will correct itself.
Yup awful as it sounds but war or disease usually sorts that out. I love the fact that we think we are ruining the planet, we are simply ruining it for our selves and long after we are gone it will just be happy to see the back of us and move on as usual. I hold out hope for renewable energies and the hopeful evolution of man from ape bashing another ape to a species of tollerance and understanding for a common good. Startrek utopia