Some people in accounting and high finance tend to look for growth in percentages. Hence a growth from 100,000 to 120,000 would be good at 20 percent, but if next year the growth is another 20,000 to 140,000, the percentage has shrunk, and people are not too satisfied. Why should that be so? A consistent growth, or even an un-consistent growth, should be applauded in these times when the credit crunch coupled with globalised movement of money has left so many countries reacting like headless chickens.
There was a time when people went through a phase of optimism and growth and even greed which was really thinly disguised over-optimism, when people were leveraging their financial resources and buying properties or stocks which seemed like they would move up and up and up. Now the cold of reality has affected the markets, but after falls in the property markets in US and Spain, perhaps there is time to implement policies of price stabilisation and some control so that each family can buy one house, maybe two.and housing could also be tied with a job so that workers stay loyal to their jobs and providing future stability for their families. If the government implements policies with the co-operation of banks and building societies, towards this end, then the whole housing sector will stabilise, and even if it starts a slow gradient upwards, things will improve for whole economies. For that, I pray.