UK housing market crash is "the end of the PONZI SCHEME" | Economics | The New Statesman
February 1, 2023
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10:23Now PlayingUK housing market crash is "the end of the PONZI SCHEME" | Economics | The New Statesman
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as posted by the channelBritain's property boom is a national exercise in self-deception, the biggest lie in the UK economy - Will Dunn
Read Will Dunn’s piece here
The New Statesman’s business editor Will Dunn speaks to Danny Dorling, Professor of Human Geography at Oxford University to explain the UK’s “housing con.”
Dunn argues that “the dizzying rise of the property market has offered a substitute” for economic growth.
For the youngest people in society, the housing market “dream”, according to Dorling has gone. Those who have just purchased property have simply bought “into the end of the ponzi scheme”.
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