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Why Can't You Afford a Home?
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Why Can't You Afford a Home?

Book Details

Format Paperback / Softback
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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