I have equity but I doubt I can trade up to what I want - which is still very modest.
Plus you have to factor in all the usual costs, legal, stamp duty etc.

The only way I could do it is to move to another part of the country where finding work could be a real problem.

Also as Roz said earlier, peoples' circumstances may have worsened anyway due to the cut backs, jobs being shed etc.

Again I'm just being realistic and countering the idea that house prices increasing significantly will enable people to easily trade up within the same area.