The Housing Crisis

The apparent scarcity of homes is as real as the torrent of money which cuts us off from what we need.

How does the credit industry create a tidal race of money. Very simple, but seemingly so complex as to be incomprehensible.

Here is the simplicity. It is now legal for any financial institution, to have access to an infinite source of credit and to turn that credit into money, by getting it borrowed.

The instant that credit is accepted as a loan, the Law states that credit is now debt, which is money owed.

That statement is unbelievable and what cannot be believed, cannot be understood. The tide race of money is an impassable barrier.

Having access to an infinite source of credit, we out bid each other for a home and homes go up market so far, we cannot have them.

It seems obvious that homes have become terribly scarce, because we measure the scarcity by the length of queues at the doors of the council offices. People wanting somewhere to live.

Gordon Brown slides the price tag on homes, out of the sight of the inflation statisticians, for the simple reason that it must not be known, that newly laundered money will rapidly find its way into Gordon Brown's coffers.

Gordon Brown can boast and brag at the economic boom over which he presides.

We are looking at fraud, born of ignorance and pride, riding on a wave.

It will be interesting to perceive the wipe out.

Greens: Housing at crisis point for many (Scoop.co.nz)
News that increasing numbers of families in the far north are being forced into mortgagee sales should be a wake up call to Government and all political parties about the seriousness of the current housing crisis, the Green Party says.

'Nova's Own Housing Crisis (The Villanovan)
This newspaper has written many times before about the deplorable state of campus housing for underclassmen.

Asian debt offerings facing a global crisis of trust (International Herald Tribune)
The crisis that began in the U.S. housing sector over a year ago is still haunting the financial sector and slowing global economic growth, just as inflation runs at multiyear highs.

David Prosser's Outlook: The real victims of the housing market crisis need all the help they can get (Independent)
His colleagues in the housebuilding industry won't thank him for his honesty, but Taylor Wimpey's chief executive, Pete Redfern, hit the nail on the head yesterday in admitting there is little the Government can do to fix the housing market. While several of Taylor Wimpey's rivals have called for a government bail-out of their beleaguered industry,Mr Redfern concedes that a suspension of stamp ...

HIPs 'madness' is worsening the housing crisis, say estate agents (Daily Mail)
Ministers must urgently reform Home Information Packs because they are making the housing crisis worse, industry experts claimed last night.

Ecuador midfielder Segundo Castillo joins Everton on season-long loan (Canadian Press via Yahoo! News)
LIVERPOOL, England - Ecuador midfielder Segundo Castillo joined Everton on a season-long loan from Red Star Belgrade on Thursday.

Oddo joins Bayern Munich in loan deal (CNN.com)
AC Milan's defender Massimo Oddo will join Bayern Munich on a season-long loan providing he passes a medical test.

Atletico signs Valencia midfielder Banega on loan (Canadian Press via Yahoo! News)
MADRID, Spain - Atletico Madrid has signed Valencia midfielder Ever Banega on loan for the season.

     

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