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Housing and debt

Description

The clip looks at how disparity between property prices and income can lead to debt problems and home repossession. Many homeowners overstretch their finances when buying a home.

Classroom Ideas

The clip could form part of a discussion on the property market. What factors may have led to the rapid rise in house prices in 2006? Research can be carried out into the current housing situation and students could discuss the impact of rising or falling house prices. Issues related to securing finance and the levels of finance people can access could also be touched upon.