Danny 'doom' Dorling - house price armageddon

Danny Dorling is an academic. His book about "the great housing disaster" reflects on the fact that housing policy is the great unspoken disaster of our times. As the Coalition tries to keep the mini boom in house prices going are we fanning the flames of a bigger housing collapse? He argues we are renting our way to poverty.

If people, particularly in London are buying now because they can just afford the mortgage when interest rates are practically zero. What happens when rates rise 1 or even 2 percent...let alone back to the long-term average of 5-6% that was previously considered normal.

Are we just stalling on the inevitable wider housing crash when we finally admit the reality that prices are too high and housing has become unaffordable?

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