TY - BOOK ID - 34949116 TI - Why can't you afford a home ? PY - 2019 SN - 9781509523252 1509523251 9781509523269 150952326X 1509523294 PB - Medford, Mass.: Polity press, DB - UniCat KW - Housing KW - Mortgage banks. KW - Banks and banking. KW - Prices. KW - Finance. KW - Mortgage banks KW - Banks and banking KW - Prices KW - Finance KW - Capitalism KW - Finance, Personal. KW - Home ownership. KW - Social aspects. KW - Housing - Prices KW - Housing - Finance UR - https://www.unicat.be/uniCat?func=search&query=sysid:34949116 AB - "Leading economist Josh-Ryan Collins argues that to understand the housing crisis, we must examine the 'doom loop' that exists between private home ownership and a lightly regulated commercial banking system. The only way out is to rethink how we structure our tax and financial systems and accept that home ownership may not always be the solution"-- "Throughout the western world, a whole generation is being priced out of the housing market. While wages and incomes continue to stagnate for the majority, house prices and rents remain staggeringly high. For millions of people, particularly millennials, the basic goal of acquiring decent, affordable accommodation is a distant dream. In this compelling book, leading economist Josh-Ryan Collins argues that to understand this crisis, we must examine a crucial paradox at the heart of modern capitalism. Two of the key ingredients of contemporary capitalist societies, private home ownership and a lightly regulated commercial banking system, are not mutually compatible. Their interaction leads to a doom loop in which unlimited credit and money flows into an inherently finite supply of viable property, resulting in ever higher house prices. The result is declining levels of home ownership, rising inequality and debt, stagnant growth and financial instability. The only way out of this vicious circle is to radically rethink how we structure our tax and financial systems and accept that home ownership may not always be the solution. This engaging and topical book will be essential reading for anyone who wants to understand why they cant find an affordable home, and what we can do about it"-- ER -