TY - BOOK ID - 78672685 TI - The political economy of housing financialization PY - 2019 SN - 9781788211017 1788211014 1788212355 9781788212359 1788211006 9781788211000 9781788210997 1788210999 PB - Newcastle upon Tyne DB - UniCat KW - Housing KW - Mortgages KW - Finance, Public KW - Cameralistics KW - Public finance KW - Public finances KW - Currency question KW - Hypothecation KW - Real obligations KW - Securities KW - Security (Law) KW - Conveyancing KW - Liens KW - Priorities of claims and liens KW - Home finance KW - Housing finance KW - Finance KW - Law and legislation KW - E-books KW - Finance. KW - Mortgages. KW - Finance, Public. UR - https://www.unicat.be/uniCat?func=search&query=sysid:78672685 AB - The US subprime mortgage crisis, by nearly causing the collapse of the global financial system during the 2007-08 financial crisis, clearly revealed that household debt management is critical to the stability of the international economy. The configuration of mortgage finance systems of European economies, from the UK to Sweden to Spain, have profound effects on national macroeconomic and political outcomes.
In this book, Gregory Fuller reveals how national housing systems diverge in terms of their commodification and financialization: mortgages are far more common in some systems than others; some encourage families to treat housing as a tradeable asset while others do not; and certain states provide extensive social housing programmes while others offer virtually none. These differences are shown to have an impact on households' economic precarity, macroeconomic volatility, and ultimately on their political preferences. Drawing on these comparisons, Fuller offers a number of policy suggestions intended to weaken the links between housing, economic instability, and inequality. ER -