House price / by Nick Ierodiaconou

"Financial market have been bailed out before - there is no reason to stop and take a hard look at how we arrived here. That would be too painful and would force recognition of the brutal truth - such an uneven society breeds asset bubbles. Rising inequality explicity leads to extreme house price cycles. If we want to get off this destructive rollercoaster, the limits to unbridled trade need to be acknowledged. " (Graham Turner, Credit Crunch. Pluto Press. 2008.) "What would a more sustainable and stable housing market look like? Perhaps one where houses are built to last, to high quality standards, rather than of cheap materials for a short term profit. Where homes are brought to live in, to raise a family in, for instance, and to be part of a community." (Community Finance Solutions: An Initiative of the Uni of Salford.)

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