Presentation on theme: "Visualizing the housing market and the changing human geography of Britain, 1970-2012 Keynote: Danny Dorling, Housing Studies Association Annual Meeting,"— Presentation transcript:
Source: http://touchstoneblog.org.uk/wp-content/uploads/2012/01/NIESR-recovery-chart.jpg We also don’t worry enough about this pattern+inequality: UK GDP – falls since start of the recession (1930-2012) This chart looks much worse with the X axis in £’s or €
What happens if/when there is a crash “When the housing bubble burst almost six years ago, millions of Americans had to vacate their homes within months of defaulting, in a system that worked like an eviction mill, often resulting in vandalized properties and bitter feelings between banks and borrowers. Since then, the average time it takes to complete a foreclosure has nearly tripled nationwide, from four months in 2007 to about a year at the end of 2011, according to RealtyTrac, with the slowdown most evident in some of the hardest-hit states, including California, Florida and Illinois. Homeowners in Florida who default can now expect to wait more than two years in legal limbo, the one big advantage being the opportunity to remain at home without paying for home.” (Saulny, 2012) It might be worth ending on the words of one anonymous commentator in the USA on seeing the above text and the right to the right.......
“This may seem "unfair" to people who actually pay their mortgage but something has to be done, These people in these defaulted homes are not living in total peace like those who pay their mortgage. They live in constant fear... That's not an easy life mentally and emotionally. You may think it's unfair but I feel like finally something is done for people who actually need help. People who can afford to pay their mortgage may not need help and how can you say it's unfair when you are sleeping soundly in your bed while a mother and father are terrified that any day their whole family could be homeless. At least they have time to save money. Have a heart, God didn't give it to us for no reason. We need to extend ourselves to others, Where is the love? We are destroying our own world with our lack of care for other.” Tish, Michigan, March 5, 2012 at 4:55 a.m.
References CRISIS (2011) Homelessness: A silent killer, A research briefing on mortality amongst homeless people, London, Crisis – the homelessness charity, http://www.crisis.org.uk/publications-search.php?fullitem=337 http://www.crisis.org.uk/publications-search.php?fullitem=337 Gulliver, K. (2012). ‘All in it Together?’ Measuring the Impact of Austerity, Housing Strategy & Welfare Changes on Vulnerable Groups in Social Housing. Birmingham, Human City Institute http://www.humancity.org.uk/reports/ebulletins/HCI%20bulletin%20no.%2010%2 0-%20all%20in%20it%20together.pdf http://www.humancity.org.uk/reports/ebulletins/HCI%20bulletin%20no.%2010%2 0-%20all%20in%20it%20together.pdf SQUASH (2012) Squatters’ Action for Secure Homes, Cost of new squatting law could be £790m, report, http://www.squashcampaign.org/2012/03/cost-of-new- squatting-law-could-be-790m/http://www.squashcampaign.org/2012/03/cost-of-new- squatting-law-could-be-790m/ Saulny, S. (2012) U.S. banks and homeowners reach détente, New York Times, March 3 rd, http://www.nytimes.com/2012/03/04/us/when-living-in-limbo-avoids- living-on-the-street.html?ref=ushttp://www.nytimes.com/2012/03/04/us/when-living-in-limbo-avoids- living-on-the-street.html?ref=us