This is so true. Gordon Brown got into government in 1997 on the promise that he would bring an end to destructive booms and busts in the property market.

Eleven years as Chancellor (the money guy) and Prime Minister later he has presided over the biggest boom of them all. And now the evidence of his initial bold claims is starting to disappear from government websites. Shameful.

I am reading this book that explains it all:

Boom Bust: House Prices, Banking and the Depression of 2010