The Political Economy of Housing Financialization by Gregory ... - 9781788211000

Name: The Political Economy of Housing Financialization by Gregory ... - 9781788211000
Brand: Edinburgh University Press

Edinburgh University Press

The Political Economy of Housing FinancializationAuthor(s): Gregory W. Fuller\nFormat: Paperback\nPublisher: Agenda Publishing, United Kingdom\nImprint: Agenda Publishing\nISBN-13: 9781788211000, 978-1788211000\nSynopsis\nThe US subprime mortgage crisis, by nearly causing the collapse of the global financial system during the [tel] 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.\nIn 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 n.