Demolition job – Why is housing in such a state?
The expression ‘safe as houses’ seems bitterly ironic these days, as housing has become a site of great insecurity. With property speculation unchecked, banks exposed for their fraudulent dealings (but still bailed out), and house prices bearing little relation to income, the housing market has become toxic. Property was the trigger for the current world financial crisis, and yet measures to curb property bubbles remain half-baked at best.
With our characteristic global outlook, this edition explores why decent housing has become so unattainable for so many and reports on citizen anger as well as alternatives to the marketplace.
Other features include:
* The inside story the Algerian gas plant siege
* Ken Loach on why ‘the Left needs to wake up’
* In our regular Argument slot: Should prostitution be legal?
* Obama’s failure on drone attacks