Description
Book SynopsisHousing markets are at the centre of the recent global financial turmoil. In this well-researched study, a multidisciplinary group of leading analysts explores the impact of the crisis within, and between, countries.
The impacts of the so-called global crisis are, in fact, highly uneven for both households and institutions. This unique book investigates why this is the case as well as emphasizing the consequences. It encompasses the experiences of all the major economies, including: Australia, China, Hong Kong, Hungary, Iceland, Ireland, Japan, New Zealand, South Korea, the UK, the USA and Vietnam, highlighting and comparing a wide range of housing systems and crisis impacts.
Housing Markets and the Global Financial Crisis will strongly appeal to academics and postgraduate students in social policy, urban studies, public policy, economics, sociology and human geography. In addition, anyone with a general interest in globalization, neoliberalism and the changing nature of contemporary capitalist societies, as well as those with particular interests in housing markets and housing policy, will find this book enriching and enlightening.
Trade Review‘Housing Markets and the Global Financial Crisis: The Uneven Impact on Households
brings together a diverse set of researchers from a solid mix of countries, culminating in an accessible, methodologically sound and engaging edited collection. Given this, and as a first-attempt at examining the GFC comparatively in terms of its impacts on households, this book is a much welcomed addition to the urban studies discourse broadly, and empirical work on the GFC specifically.’ -- Dylan Simone, Urban Studies
‘Housing Markets and the Global Financial Crisis
is worth reading for policymakers (in central banks, governments or municipalities) who are in charge of the introduction of regulatory or fiscal measures in the housing sector. I enjoyed reading this small and handy book and recommend that researchers and political decision makers involved in housing buy it, read it and finally recommend it to others as a means of achieving a more global insight.’ -- Karin Wagner, International Journal of Housing Policy
Table of ContentsContents: Preface 1. Households, Homeownership and Neoliberalism Ray Forrest 2. Effects of the Recent Credit Cycle on Homeownership Rates Across Households: What We Know and What We Expect Doug Duncan and Cesar Costantino 3. The Credit Crunch in the UK: Understanding the Impact on Housing Markets, Policies and Households Peter Williams 4. Housing in Iceland in the Aftermath of the Global Financial Crisis Jón Rúnar Sveinsson 5. Housing Wealth, Debt and Stress Before, During and After the Celtic Tiger Michelle Norris and Nessa Winston 6. Housing in the Netherlands Before and After the Global Financial Crisis Richard Ronald and Kees Dol 7. Housing Policy and the Economic Crisis – The Case of Hungary József Hegedüs 8. The Impacts of the Global Financial Crisis on Housing and Mortgage Markets in Australia: A View from the Vulnerable Mike Berry, Tony Dalton and Anitra Nelson 9. Rebuilding Housing Polices in Response to the Current Crisis. Is Homeownership the Solution? David Thorns 10. The Global Financial Crisis and its Impact on Households: The Case of Urban Vietnam Hoang Huu Phe 11. Housing Policy Issues in South Korea Since the Global Economic Crisis: Aspects of a Construction-Industry-Dependent Society Soo-hyun Kim 12. Towards a Post-Homeowner Society? Homeownership and Economic Insecurity in Japan Yosuke Hirayama 13. Business Nearly as Usual: The Global Financial Crisis and its Impacts on Households in Hong Kong Ngai-Ming Yip 14. The Impact of the Financial Crisis on China’s Housing Market Jianping Ye and Chao Sun 15. Concluding Discussion – Where to Now? Ray Forrest Appendix: Selected Key Indicators Index
