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October 29, 2008


Ben Sanders

I think channel 4 are still a little off message with this new 'home' programme: http://www.channel4.com/4homes/on-tv/the-home-show/index.html
So now that minute 2-bed shit heap you brought in the back end of beyond, that was the golden goose, can now be transformed into a lovely home with that oak-panelled shag-piled staircase...

It also nice to see that Kirstie Allsop, of sickening Location, Location, Location fame, that fuelled the flames of this mess, is giving something back in the form of being head of the new 'Carbon Monoxide - Be Alarmed!' campaign. Her agent must be struggling to get gigs for the poor lass or perhaps not as she explains on the video: http://www.co-bealarmed.co.uk/ And why is she not fronting the Tory response to this housing crisis??!

David Brake

What I find extraordinary is that there is no sense in the media that the "crash" is actually helping to tackle some of the enduring problems that have been caused by the ludicrous over-pricing of housing. I remember the BBC reporting a survey from a year or so ago pointing out that most people wanted prices to fall.

Interestingly, in The Times they have little stats boxes on economic data alongside which they indicate which way "you want the numbers to go" - from what I remember "you want" the pound to go up and house prices to rise (even if you live in rented accommodation and work for an export industry)...

Will Davies

To be fair, the BBC did do a story a month ago or so, about prospective first-time buyers being pleased with developments. But microeconomic stories that buck macroeconomic trends do not generally receive much attention. People get laid off during times of economic growth, but that's not news (unless it's MG Rover). Surely the point of most economic news stories is to highlight something bigger, more abstract. Lehmann's going under resulted in several thousand job losses, which were reported; but the job losses were not the real story. Equally, the housing crash is helping to drag us into recession, so it symbolises something as well as is something.

All that being said, I agree that it's absurd to treat unaffordable homes as a good thing. Policy-makers will presumably share this view in future, but not for the reasons you outline.

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