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  • Possessions and rubbish collects outside a repossessed Victorian terraced house in south London. In the foreground we see a For Sale sign strapped on the brick wall by local estate agents Burnet Ware & Graves in Herne Hill, Lambeth SE24. The front bay window has been sealed up with plyboard to stop squatters gaining entrance and the domestic remnants of evicted owners who have perhaps defaulted on their mortgage is thrown on the path - a scene of domestic poverty. As a result of the 1987 a stock market collapse, the UK economy experienced a downturn resulting in public services suffering a reduction, including the loss of owners' homes. The recession of the early 1990s describes the period of economic downturn affecting much of the world in the late 1980s and early 1990s.
    repossessed_house-08-11-1991.jpg
  • A young family walk gloomily past property Sold signs in a street at Grays, Essex England. Passing the prominent signs that bear the name of Quirk Deakin, a local estate agent in the industrial towns of south Essex and the Thames Gateway, is the location for dramatic increases of new housing developments. Both the parents and their daughter look depressed in this time of economic recession, when families are having their homes repossessed after defaulting on mortgage repayments. It is a bright summer day in Grays, east of the capital, just outside of the M25 orbital motorway and on the Thames river.
    river_business172-31-08-2007.jpg
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Richard Baker Photography

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