Nothing that has happened this week will prevent a severe global recession, with the UK - heavily dependent on housing and finance - one of the main casualties.
What is left of government funding for developing affordable homes is dependent on housing associations charging higher rents to tenants.
Homelessness charity Crisis found that only 1.6% of accommodation in London's shared house market in the private rented sector was available to people dependent on housing benefit.
She is a single parent, dependent on housing benefit, when she would prefer not to have to rely on the taxpayer.
As the lender restrictions sink in, even fewer landlords in the private rented sector will be able to let to people dependent on housing benefit.
Tenants who are dependent on housing benefit often do not have a deposit they can hand over to the landlord to protect.
A more aggressive monetary policy should have brought the dollar down faster, perhaps giving way to a recovery less dependent on housing.
Residents on low incomes, whom the council is "duty-bound" to help into housing, "will not be able to afford to live in the borough, or they will be perpetually dependent on housing benefit", the letter points out.
If you are not low-paid, not dependent on housing benefit or reliant on social services to help care for your mother, and not on sick pay, you may not notice anything – at first.
Narrowgate's good fortune is far from a sign that the crisis is over for emergency night shelters who are dependent on housing benefit payments for at least part of their income.
