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Under the high inflationary period and high interest rate market conditions, financing became extremely difficult for homebuilders and homebuyers. The land is expensive, construction costs are high, and the wages are not satisfactory enough to afford a house. Due to increased prices, the renting or buying dilemma is not even the case for millions of people. Unfortunately, bank loan-dependent financing is unable to provide a sustainable solution to the industry''s boom and bust cyclical nature.
This book introduces a sustainable new home financing model by creating an investment and financing ecosystem that integrates real estate capital market instruments with pension funds. The model proposed in the book shifts the mindsets from a conventional bank loan-oriented housing financing system to an interest-free collective and cooperative approach. The practical implications of the model are discussed, mainly in terms of how the model could increase affordability in the housing sector. The book will be of interest to researchers, policymakers, regulators, practitioners, and government agencies related to real estate investments, pension funds, and capital markets.
Get The Global Housing Crisis by at the best price and quality guaranteed only at Werezi Africa's largest book ecommerce store. The book was published by Springer International Publishing AG and it has pages.
