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Why can't you afford a home? / Josh Ryan-Collins.

By: Material type: TextTextSeries: Future of capitalism seriesPublisher: Cambridge, UK ; Medford, MA : Polity Press, 2019Description: xii, 147 pages ; 19 cmContent type:
  • text
Media type:
  • unmediated
Carrier type:
  • volume
ISBN:
  • 9781509523252
  • 1509523251
  • 9781509523269
  • 150952326X
Other title:
  • Why cannot you afford a home?
Subject(s): Summary: "Throughout the western world, a whole generation is being priced out of the housing market. While wages and incomes continue to stagnate for the majority, house prices and rents remain staggeringly high. For millions of people, particularly millennials, the basic goal of acquiring decent, affordable accommodation is a distant dream. In this compelling book, leading economist Josh-Ryan Collins argues that to understand this crisis, we must examine a crucial paradox at the heart of modern capitalism. Two of the key ingredients of contemporary capitalist societies, private home ownership and a lightly regulated commercial banking system, are not mutually compatible. Their interaction leads to a doom loop in which unlimited credit and money flows into an inherently finite supply of viable property, resulting in ever higher house prices. The result is declining levels of home ownership, rising inequality and debt, stagnant growth and financial instability. The only way out of this vicious circle is to radically rethink how we structure our tax and financial systems and accept that home ownership may not always be the solution. This engaging and topical book will be essential reading for anyone who wants to understand why they cant find an affordable home, and what we can do about it"-- Provided by publisher.Summary: "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"-- Provided by publisher.
Holdings
Item type Home library Collection Call number Materials specified Status Date due Barcode Item holds
Adult Book Adult Book Main Library NonFiction 333.338 R988 Available 33111009307576
Total holds: 0

Enhanced descriptions from Syndetics:

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.

"Throughout the western world, a whole generation is being priced out of the housing market. While wages and incomes continue to stagnate for the majority, house prices and rents remain staggeringly high. For millions of people, particularly millennials, the basic goal of acquiring decent, affordable accommodation is a distant dream. In this compelling book, leading economist Josh-Ryan Collins argues that to understand this crisis, we must examine a crucial paradox at the heart of modern capitalism. Two of the key ingredients of contemporary capitalist societies, private home ownership and a lightly regulated commercial banking system, are not mutually compatible. Their interaction leads to a doom loop in which unlimited credit and money flows into an inherently finite supply of viable property, resulting in ever higher house prices. The result is declining levels of home ownership, rising inequality and debt, stagnant growth and financial instability. The only way out of this vicious circle is to radically rethink how we structure our tax and financial systems and accept that home ownership may not always be the solution. This engaging and topical book will be essential reading for anyone who wants to understand why they cant find an affordable home, and what we can do about it"-- Provided by publisher.

"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"-- Provided by publisher.

Includes bibliographical references.

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