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Safe as Houses?

The Uneven Integration of Housing, Mortgage, and Financial Markets

(Autor)

Buch | Softcover
288 Seiten
2024
Oxford University Press (Verlag)
978-0-19-956556-6 (ISBN)
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This is a book about the risks and rewards of home ownership in the 21st century. A range of vivid examples, including from the sub-prime crisis, show how housing markets concentrate wealth into property, how the role of mortgage markets has changed, and how financial markets have failed to manage the credit and investment risks for home occupiers.
This is a book about the risks and rewards of home ownership in the 21st century. Using a range of vivid examples, it shows how housing markets work to concentrate wealth into property, how the role of mortgage markets has changed, and how financial markets have failed to manage the credit and investment risks to which home occupiers are exposed.

A clear-sighted view of the problems of the housing economy, Safe as Houses? makes complex economic ideas accessible to an interdisciplinary readership. It exposes a kaleidoscope of overlapping markets whose workings tie the meagre budgets of the poorest home-buyers to the massive turnover of the world's largest financial exchanges. Home ownership is a risky business. But in a thought-provoking analysis, Susan Smith argues that the precarious financial position of the average
home-occupier may benefit as much from the cautious use of innovative instruments as from the wholesale dismantling of financial capitalism.

Interdisciplinary in style, drawing from cultural economy, material sociology, and economic anthropology, as well as from mainstream housing economics, this book provides a clear analysis of the housing market in the current financial crisis, with a practical edge, engaging with policy, practice, and everyday life.

Susan J. Smith is Professor of Geography and a Director of the Institute of Advanced Study at Durham University. She is a graduate of Oxford University, a Fellow of the British Academy and of the Royal Society of Edinburgh, and a member of the Academy of Social Sciences. Her work on the housing economy is funded by the UK's Economic and Social Research Council: it is interdisciplinary in style, drawing from cultural economy, material sociology, and economic anthropology, as well as from mainstream housing economics; and it has a practical edge, engaging with policy, practice, and everyday life. Employing a range of qualitative methods alongside more conventional quantitative tools, Professor Smith is concerned with the changing character of housing investment, trends in mortgage equity withdrawal, and the volatile landscape of housing risk. She has written over 100 books and articles on housing and related themes.

PART I: THE TRADE IN PLACES; PART II: TRADE-IN PLACES; PART III: TRADING PLACES

Erscheint lt. Verlag 1.6.2024
Verlagsort Oxford
Sprache englisch
Maße 156 x 234 mm
Themenwelt Wirtschaft Betriebswirtschaft / Management Rechnungswesen / Bilanzen
Betriebswirtschaft / Management Spezielle Betriebswirtschaftslehre Immobilienwirtschaft
Wirtschaft Volkswirtschaftslehre Finanzwissenschaft
ISBN-10 0-19-956556-2 / 0199565562
ISBN-13 978-0-19-956556-6 / 9780199565566
Zustand Neuware
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