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Why Can`t You Afford a Home?

J Ryan-Collins

$20.95

Paperback

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English
Polity Press
12 October 2018
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.

By:  
Imprint:   Polity Press
Country of Publication:   United Kingdom
Dimensions:   Height: 189mm,  Width: 125mm,  Spine: 12mm
Weight:   172g
ISBN:   9781509523269
ISBN 10:   150952326X
Series:   The Future of Capitalism
Pages:   140
Publication Date:  
Audience:   Professional and scholarly ,  Undergraduate
Format:   Paperback
Publisher's Status:   Active

Josh Ryan-Collins is a Senior Research Associate at the Institute for Innovation and Public Purpose, University College London.

Reviews for Why Can`t You Afford a Home?

'In this excellent book, Josh Ryan-Collins shows that unaffordable housing is not part of nature, and how a number of countries have broken what the author aptly calls the housing-financial cycle, by de-linking land pricing from mortgage-debt pyramiding.'Michael Hudson, Levy Economics Institute of Bard College 'Why can't you afford to buy a home? It's not because of too many smashed avocadoes, or too little land, but too much bank lending. Josh Ryan-Collins clearly explains how bank lending for speculation has made housing inaccessible, and how to tame the beast of finance.'Steve Keen, University of Kingston, author of Debunking Economics


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