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The housing crisis is here, but its effects are just beginning to be realised. A 'common equity' model suggests an alternative means of home ownership that excludes profit-driven banks and lenders, so that housing becomes a right rather than a privilege of the privileged. (June 2008)
Recent events both aeronautical and financial have been enough to scare anyone off banks and aeroplanes forever. Global economic chaos is nothing compared with the trauma of being stuck next to a large person on a plane.
The problems besetting Wall Street investment banks seem a long way from life in downtown Australia. The need to know the context of the economic crisis, and to keep a clear head, has never been more important.
The housing crisis is here, but its effects are just beginning to be realised. A 'common equity' model suggests an alternative means of home ownership that excludes profit-driven banks and lenders, so that housing becomes a right rather than a privilege of the privileged.
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