UK Housing Policy: An Interview with Stephen Hill
Stephen Hill on supply and demand. 03
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<p>Stephen Hill discusses the changes in lending practice since 1985 and the effects of this on house building. It is agreed that it is the flow of credit that is a bigger factor than the housing output level – sheer housing output increases will not stabilise prices – previously before the 1985 ‘big bang’ the flow of mortgage funds was better matched to the number of houses produced – a stable set of mutual institutions as lenders has been replaced by a rapacious set of banks who have behaved irresponsibly.</p>
<p> Z2K Housing Review April 2009 Issue One: <a href="http://news.humanrightstv.com/z2k-housing-review-april-2009" target="_blank">Contents</a></p>
<p><a target="_blank" href="http://news.humanrightstv.com/z2k-2009-budget-response">See the Z2K Response to the 2009 UK Budget</a></p>
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