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Whose Housing Crisis? – Assets and Homes in a Changing Economy - Policy Press Scholarship Online
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Whose Housing Crisis?: Assets and Homes in a Changing Economy

Nick Gallent

Abstract

England, and especially London, remain in the grip of a housing cost crisis marked by extraordinary ratios between median house prices and workplace earnings. House prices have continued to rise over the last decade despite a stagnation in earnings. At the root of the crisis is the problematic relationship that individuals and economies share with residential property. Housing’s social purpose, as home, is frequently relegated behind its economic function, as asset, able to offer a hedge against weakening pensions or source of investment and equity release for individuals, or guarantee rising ... More

Keywords: Housing, Inequality, Economic change, Planning, Assetisation, Social purpose

Bibliographic Information

Print publication date: 2019 Print ISBN-13: 9781447345312
Published to Policy Press Scholarship Online: January 2020 DOI:10.1332/policypress/9781447345312.001.0001

Authors

Affiliations are at time of print publication.

Nick Gallent, author
University College London