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TheBlueCat

Crash In The 1950s?

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I remember the crashes of the 70s and late 80s but I'm too young to remember what happened in the 50s. I spotted this snippet in the local rag, is there anyone here old enough to remember the background to this?

from the news of 1957

The tallest residential block in England may be erected in Hills Road, It would tower 135ft high and, with a series of smaller blocks, accommodate 161 families. It will provide homes for the middle classes who have been saddled with houses at a cost beyond their means which, on re-sale, show a loss of hundreds of pounds.

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Guest barebear

The supply and demand thing has always been distorted and the proof of that is when there is a crash and loads of repos where does everyone go there shouldn't be anywhere available.

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Excellent thinking about the shortage of housing after the war. There must have been not just a shortage, but a chronic lack of any accomodation leaving families homeless all over the country - Yet not price increases. So why is now different? We have hundreds of thousands of houses being sold up and down the country, every street has for sale and to let signs up. Where is the shortage? Answer: There isnt, its a misrepresentation of a self perpetuating problem. We dont have any lack of housing, far from it we build more cheap and nasty 'luxury' apartments than ever before. What we have a shortage of is 'affordable houses' or in other words 'a massively over-inflated housing bubble'. FTB's want the properties but just cant afford em. Simple.

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There was a genuine chronic shortage of housing after the war, which incidentally didn't result in a massive price boom.

I should imagin after hitler blew most of them to bits,that would be a bit more of a strain on the "supply/demand" curve.

did we not also have an influx of migrants from the west indies and ireland at the same point????

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There was a genuine chronic shortage of housing after the war, which incidentally didn't result in a massive price boom.

Yes, I know about that one - lots of people ended up squatting in empty MoD property and stuff but I'm fairly sure that was over by the end of the 50s. However, if you read the snippet I posted again, you'll note that it's saying that middle class people were living in houses they couldn't afford (rather than squatting somewhere) which had fallen in value. I can't find anything in my various social and economic history books about this one.

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