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Understanding affordability : economics of housing markets /

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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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Meen, Geoffrey P. (Autor), Whitehead, Christine M. E. (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Bristol : Bristol University Press, 2020.
Temas:
Acceso en línea:Texto completo

MARC

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245 1 0 |a Understanding affordability :  |b economics of housing markets /  |c Geoffrey Meen and Christine Whitehead. 
264 1 |a Bristol :  |b Bristol University Press,  |c 2020. 
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504 |a Includes bibliographical references and index. 
505 0 |a 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 
505 8 |a 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 
505 8 |a 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 
505 8 |a Industrial structure and productivity -- Long-run trends in housing construction -- Explaining the trends in private construction -- Planning and housing construction -- Increasing housebuilding and the effect on affordability -- Social housing and crowding out -- In conclusion -- 7 Housing Demand, Financial Markets and Taxation -- Introduction -- Trends in mortgage indebtedness -- Lending controls and the distributional consequences -- The Buy to Let market -- Housing taxation and subsidies: an over-investment in housing? -- In conclusion -- 8 Housing, Affordability and the Macroeconomy 
505 8 |a Introduction -- Housing and household consumption expenditure -- Housing as collateral -- Mortgage default -- Household debt and credit cycles: their applicability to the UK -- On the nature of housing risk -- Additional influences on housing and macro stability: animal spirits -- In conclusion -- 9 Planning and the Assessment of Housing Need and Demand -- Introduction -- Regulatory controls over the supply of land for housing -- The challenge: post-war housing conditions -- Planning and its impact on land supply -- The growing importance of household projections -- The approach 
520 8 |a 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. 
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