Property News · January 29, 2016

Housing blew up the global economy in 2008 and we learned nothing


Watching The Big Short gave me deja vu – mistakes made in the US before the financial crash are being replicated in the UK housing marketFive years ago, if you’d told me I’d spend a Sunday evening in a sold out Peckham cinema screening of a film about the US housing market starring Brad Pitt, I’d have patted you on the back and suggested you cut down on the super-strength lager. But since its release in early 2016, The Big Short, based on the book by Michael Lewis, has pulled in the crowds to see a caper movie about the 2008 financial crash, and how the housing market blew up, first the US, and then the global economy. Continue reading…

Source : theguardian.com
Read more…Housing blew up the global economy in 2008 and we learned nothing

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