Jump to content
House Price Crash Forum
Sign in to follow this  
ʎqɐqɹǝʞɐɥs

The Dark Secret Behind The Property Boom

Recommended Posts

2000th post! May as well be a cheery uplifting one: :(:(:(:(

http://comment.independent.co.uk/columnist...ticle343415.ece

The dark secret behind the property boom

Some 98,000 children in Britain are sleeping in Kitchens, bedrooms and bathrooms

Published: 06 February 2006

In Britain, the middle classes have a new narcotic of choice - property. Every s*****y dinner party is dominated by incessant chatter about mortgages and garages and patio extensions. Every TV show seems to feature Sarah Beeny or Kirsty Allsop -or their army of imitators - lurking on a street corner with a bevy of estate agents, a clique of interior designers and a manic grin. If rising house prices could be snorted, suburban addiction levels would go through the roof and pass on the way through a lovely attic renovation with its own designer bathroom, of course.

But there is a dark secret behind Property Ladder. Britain's property boom has occurred for one reason and one reason only. For 25 years, the British government has sold off its stock of council housing for giveaway prices, and replaced them with nothing. The result, as Patrick South, policy director of Shelter, explains, is "a huge backlog of desperate families living in the few lousy scraps of housing that remain to councils - and a generation of children growing up in hidden squalor."

Anyone got the complete article?

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.