Why Can't You Afford a Home?
Book Details
Format
Paperback / Softback
Book Series
The Future of Capitalism
ISBN-10
150952326X
ISBN-13
9781509523269
Publisher
John Wiley and Sons Ltd
Imprint
Polity Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Oct 12th, 2018
Print length
140 Pages
Weight
170 grams
Dimensions
18.80 x 13.00 x 1.30 cms
Product Classification:
EconomicsPolitical economy
Ksh 2,700.00
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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.
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