"The housing bubble is at the heart of Britain's economic crisis. For one happy generation, rapid house-price inflation fuelled by ready money and a shrinking supply was a guarantee of previously unimagined riches. By the peak of the boom in 2007, 75% of us owned our own homes. For the lucky ones who got in early it was an investment that doubled in value and delivered a promise of lifelong security. No government will lightly wake the voters from such a dream, and on the evidence of Monday's housing strategy, the coalition is determined to persist in the deceit that we can return to the heady days of a decade ago."

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