Housing or Financial Crisis?
It is common to see the Banks being blamed for the current economic crisis but that is far too easy a solution. It would be just as easy to blame local authority planning departments for the financial crisis! Before they erupt in protest it is worth looking at the cause of the deeper crisis that exists within the UK. Though the UK problems are only part of the international picture. The problem in America started in their housing sector which is firmly where the problem lies in the UK. In Germany house prices generally vary by only half of one percent each year. The year before the crisis started house prices in Germany fell by 0.48% and that was greet as good news helping families buy homes. In the UK soaring house prices has for far too long been seen as good news despite the devastation that does to the plans of so many people.
