Whose Housing Crisis?

Assets and Homes in a Changing Economy

Nonfiction, Social & Cultural Studies, Political Science, Politics, City Planning & Urban Development, Social Science, Human Geography, Science & Nature, Nature
Cover of the book Whose Housing Crisis? by Gallent, Nick, Policy Press
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Author: Gallent, Nick ISBN: 9781447346081
Publisher: Policy Press Publication: April 24, 2019
Imprint: Policy Press Language: English
Author: Gallent, Nick
ISBN: 9781447346081
Publisher: Policy Press
Publication: April 24, 2019
Imprint: Policy Press
Language: English

At the root of the housing crisis is the problematic relationship that individuals and economies share with residential property. Housing’s social purpose, as home, is too often relegated behind its economic function, as asset, able to offer a hedge against weakening pensions or source of investment and equity release for individuals, or guarantee rising public revenues, sustain consumer confidence and provide evidence of ‘growth’ for economies. The refunctioning of housing in the twentieth century is a cause of great social inequality, as housing becomes a place to park and extract wealth and as governments do all they can to keep house prices on an upward track.

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At the root of the housing crisis is the problematic relationship that individuals and economies share with residential property. Housing’s social purpose, as home, is too often relegated behind its economic function, as asset, able to offer a hedge against weakening pensions or source of investment and equity release for individuals, or guarantee rising public revenues, sustain consumer confidence and provide evidence of ‘growth’ for economies. The refunctioning of housing in the twentieth century is a cause of great social inequality, as housing becomes a place to park and extract wealth and as governments do all they can to keep house prices on an upward track.

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