Why Can't You Afford a Home?Author :
Paperback
Published : Friday 12 October 2018
You may also like ...
by
Paperback
28 Feb 2017
>>
€18.80
Extended stock - Dispatch 5-7 days
by
Paperback
12 Oct 2018
>>
€12.04
Extended stock - Dispatch 5-7 days
Description
Leading economist Josh-Ryan Collins argues that to understand the housing crisis, we must examine the 'doom loop' that exists between private home ownership and a lightly regulated commercial banking system. The only way out is to rethink how we structure our tax and financial systems and accept that home ownership may not always be the solution--
Throughout the Western world, a whole generation is being priced out of the housing market. For millions of people, particularly millennials, the basic goal of acquiring decent, affordable accommodation is a distant dream. Leading economist Josh Ryan-Collins argues that to understand this crisis, we must examine a crucial paradox at the heart of modern capitalism. The interaction of private home ownership and a lightly regulated commercial banking system leads to a feedback cycle. Unlimited credit and money flows into an inherently finite supply of property, which causes rising house prices, declining home ownership, rising inequality and debt, stagnant growth and financial instability. Radical reforms are needed to break the cycle. This engaging and topical book will be essential reading for anyone who wants to understand why they can't find an affordable home, and what we can do about it.
Reviews