Why the housing bubble finally burst

Brummer, Alex
May 2008
New Statesman;5/5/2008, Vol. 137 Issue 4895, p24
The article examines reasons for a decline in real estate values in Great Britain in 2008. A number of factors contributed to the downturn, including unsafe lending practices and troubled credit markets. The author assesses the impact of the poor housing market in political and social terms, as well as an economic indicator Great Britain's financial health.


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