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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...
| Clasificación: | Libro Electrónico |
|---|---|
| Autores principales: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Bristol :
Bristol University Press,
2020.
|
| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- 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
- 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
- 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