ABSTRACT
A crisis in housing is not new. Indeed, it seems it is a cyclical phenomenon, peaking every 20 years or so. And between the peaks housing problems and the resources devoted to them, are seldom subject to a planned and rational approach. We lurch from year to year, from a high point to a low point; responding to some ‘new initiative’ or another, which amounts to sticking fingers in the dyke as the water level builds up behind it.
