Postscript to My Previous Blog on Housing and Depression

As I was still pondering the housing market last Friday afternoon, another radio item came up which struck me as something of a syncronicity. This time the subject was the Spanish housing market which apparently has some 3 million empty appartments, more "homes" having been constructed there in the last (recent ?) year(s) than in Britain, France and Germany combined.
Meanwhile, there were protests on the streest of Madrid by many ordinary working people for whom home purchase is unaffordable, although 50 year mortgages are on offer (as they are in this country). So much for housing supply being the core problem in providing "affordable" homes ! UK Government take note !