Sunday, July 15, 2007
There is no housing crisis??
Entertaining... "There is no housing crisis. There is just a housing market. There is no housing “need”, unless you are sleeping in the street. There is just housing demand and housing supply. There is also housing panic, housing lobbyists and housing stark raving madness, the last much in evidence last week"Thatcher’s worst of all, subsidised home ownership as a vehicle for savings. Brown cut the subsidy but collapsed confidence in private pensions and reinforced the belief that “a house is a pension. This has driven up house prices, led to panic hoarding of space and burdened young people with debt