Tuesday, May 08, 2007
Todays Housing Markets Striking Similarities with the 1930's
Reading University: Selling owner-occupation to the working-classes in 1930s Britain
Came across this great university paper on the 1930's housing boom and its associated sharp practices from, builders, lenders as well as lax building controls, misleading marketing, poor construction standards etc etc. It is fundamentally striking how little things have changed or has the nation gone backwards in the recent property frenzy?
Posted by enuii @ 11:06 PM (361 views) Add Comment
3 Comments
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1. dohousescrashinthewoods said...
Interesting quote in the about transforming the introduction about transforming "the popular image of a mortgage from `a millstone round your neck’ to a key element of a new, suburbanized, aspirational lifestyle."
Seems to have worked perfectly.
(For the avoidance of doubt, this appears to be a 2004 paper looking back, it wasn't wrtten at the time as I initially thought.)
2. Frugalista said...
This was a fascinating article. It was very clear that many of the foundations of modern British life were laid down in the 1930s.
3. Mikester said...
This is actually my colleague, who sits a few doors away from me. He's quite bearish on today's market as well.