Description
Book Synopsis: 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.
Details
Discover the hidden secrets behind the US subprime mortgage crisis and its impact on the global financial system with "The Political Economy of Housing Financialization" book. This eye-opening book by Gregory Fuller delves deep into the configuration of mortgage finance systems in European economies, revealing how they shape national macroeconomic and political outcomes.
With its insightful analysis, this book highlights the divergences in housing systems, exposing how some countries encourage households to view housing as a tradable asset while others do not. By understanding these differences, you can gain valuable insights into how these systems affect economic precarity and macroeconomic volatility.
Uncover the connections between housing, economic instability, and inequality, and how they influence households' political preferences. With Gregory Fuller's policy suggestions, you'll gain actionable steps to weaken these links, contributing to a more stable and equitable society.
Don't miss out on this must-read book for anyone interested in understanding the dynamics of housing financialization. Get your copy of "The Political Economy of Housing Financialization" today and start gaining the knowledge to make informed decisions. Order now!
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