For many younger and lower-income people, housing affordability continues to worsen. Based on the academic research of two distinguished housing economists - and stimulated by working with governments across the world - this wide-ranging book sets out clear theoretical and empirical frameworks to ta...

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Bibliographische Detailangaben

Beteiligte Personen:	Meen, Geoffrey (VerfasserIn), Whitehead, Christine M. E. 1942- (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	Englisch
Veröffentlicht:	Bristol Bristol University Press 2020
Schlagwörter:	Housing Eigenheim Immobilienmarkt Baufinanzierung Wohnungspolitik
Links:	https://doi.org/10.46692/9781529211887 https://doi.org/10.46692/9781529211887 https://doi.org/10.46692/9781529211887
Zusammenfassung:	For many younger and lower-income people, housing affordability continues to worsen. Based on the academic research of two distinguished housing economists - and stimulated by working with governments across the world - this wide-ranging book sets out clear theoretical and empirical frameworks to tackle one of today's most important socio-economic issues. Housing unaffordability arises from complex forces and a prerequisite to effective policy is understanding the causes of rising house prices and rents and the interactions between housing, housing finance and the macroeconomy. The authors challenge many of the conventional wisdoms in housing policy and offer innovative recommendations to improve affordability
Beschreibung:	Title from publisher's bibliographic system (viewed on 08 Mar 2021) Front Cover -- Understanding Affordability: The Economics of Housing Markets -- Copyright information -- Table of contents -- List of Figures and Tables -- Preface -- 1 Crisis, What Crisis? -- Introduction -- Methods of analysis -- Developing the analytical framework -- Housing and policy -- 2 Is Housing Really Unaffordable? -- Introduction -- Affordability measurement: some background issues -- Commonly used measures of affordability -- Price to earnings or income ratios -- Housing expenditure to income ratios -- Residual income approaches -- Housing supply -- Renter financial stress and affordability measures -- Affordability for first-time buyers -- In conclusion -- 3 What Factors Determine Changes in House Prices and Rents? -- Introduction -- Understanding national house prices -- International comparisons -- Sub-national differences -- Local variations -- The determinants of rents -- In conclusion -- 4 Influences on Household Formation and Tenure -- Introduction -- Changes in tenure and household formation -- Home ownership choices, expectations and aspirations -- Demand by existing owners and the rise of second home ownership -- Affordability, household formation and the tenure of young households -- In conclusion -- 5 Rental Affordability -- A short history of housing support for lower-income households -- Rent controls -- Increasing the supply of public and social housing -- Income-related housing support -- Rent rebates and rent allowances -- Selected characteristics of benefit recipients -- Renting, market segmentation and interactions between the tenures -- Rents, affordability and the wider economy -- In conclusion -- 6 What Determines the Number of New Homes Built? -- Introduction -- Industrial structure and productivity -- Long-run trends in housing construction -- Explaining the trends in private construction
Umfang:	1 Online-Ressource (xi, 324 Seiten)
ISBN:	9781529211887
DOI:	10.46692/9781529211887