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Author: Richard Koss
Publisher: International Monetary Fund
ISBN: 1484348559
Category : Business & Economics
Languages : en
Pages : 33
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Book Description
The sharp rise of house prices in China’s Tier-1 cities has fostered a great deal of commentary about the possibility of bubbles forming there. However, China’s unique housing market characteristics make it difficult to assess the macroeconomic severity of bursting bubbles, even if they exist. These include the setting of land supply and prices by the government, among many others. The presence of overbuilt “ghost cities” greatly complicates the ability of traditional macroeconomic policies to address these concerns. This paper looks at proposals to shore up the mortgage underwriting and legal infrastructure to help China withstand the impact of falling prices, should this occur.
Author: Richard Koss
Publisher: International Monetary Fund
ISBN: 1484348559
Category : Business & Economics
Languages : en
Pages : 33
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Book Description
The sharp rise of house prices in China’s Tier-1 cities has fostered a great deal of commentary about the possibility of bubbles forming there. However, China’s unique housing market characteristics make it difficult to assess the macroeconomic severity of bursting bubbles, even if they exist. These include the setting of land supply and prices by the government, among many others. The presence of overbuilt “ghost cities” greatly complicates the ability of traditional macroeconomic policies to address these concerns. This paper looks at proposals to shore up the mortgage underwriting and legal infrastructure to help China withstand the impact of falling prices, should this occur.
Author: Chung-kin Tsang
Publisher: Routledge
ISBN: 1000395383
Category : Political Science
Languages : en
Pages : 108
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Book Description
This book studies the cultural framework of the connections between homeownership and social stability in Hong Kong. In the post-war period, homeownership became the most preferable housing choice in developed societies, such as Australia, Britain, Japan, Spain, and the United States. In the financialization era, its proliferation aggregated enormous wealth and debt in the housing and mortgage markets, affecting social stability by creating inequality and housing unaffordability. Hong Kong is the most extreme example of this among developed societies – in recent years, the city has made international headlines both for its housing problem and its social instability. By studying the history of homeownership in Hong Kong over a period of four decades, Chung-kin Tsang proposes that homeownership is inseparable from the social imagination of the future, conceptualizing this framework as "hope mechanism". This perspective helps trace the connections between ‘House Buying’ as a hope mechanism – one which is central to subject formation, life goals, and temporal mapping for socially shared life planning – and social stability. Given its unique approach, specifically its use of "hope" as an analytical category, this book will prove to be a useful resource for scholars in economic culture and financialization, and Asian Studies, especially those working on the cultural, sociopolitical, and economic history of Hong Kong.
Author: James Lee
Publisher: Routledge
ISBN: 0429803427
Category : Political Science
Languages : en
Pages : 349
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Book Description
First published in 1999, this volume examines the issue that, in the last two decades, the housing system in Hong Kong has witnessed a slow but consistent transition from a tenure dominated by public rental housing to one dominated by private home ownership. This book seeks to explain the unique social organization of home ownership in contemporary Hong Kong. Specifically, the book deals with the genesis of home ownership from three areas: housing histories, family culture and capital gains from home transactions. It is agreed that extreme deprivations in housing conditions in early lives, a strong family culture of mutual help as well as unprecedented capital gains, all contribute towards explaining the complex nature of home ownership growth. In conclusion the book suggests that with China regaining sovereignty after July 1997, the social organization of home ownership will be further complicated by more internal migrations from other parts of China, making housing problems even more acute.
Author: Betty Yung
Publisher: Hong Kong University Press
ISBN: 9622099041
Category : Social Science
Languages : en
Pages : 240
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Book Description
This book examines housing policy in Hong Kong using a new and unique interdisciplinary approach – combining the philosophical discussion on social justice with policy and housing studies. It considers both Western and Chinese concepts of social justice, and investigates the role of social justice in a public policy such as housing. As a philosophical treatise on social administration, the book will be of interest to philosophy, public administration, and housing studies academics and students of all countries. Since Hong Kong represents a very special case with massive governmental intervention into the housing market, housing professionals and policy makers will find the analysis of Hong Kong's housing policy useful.
Author:
Publisher:
ISBN:
Category : City planning
Languages : en
Pages : 308
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Book Description
Author: Mark Pennington
Publisher: A&C Black
ISBN: 0567570924
Category : Political Science
Languages : en
Pages : 232
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Book Description
Planning and the Political Market argues that the enthusiasm for planning as an essential component of environmental protection is misplaced. Drawing on the experience of Britain and other Western democracies, the author uses public choice theory to explore the practical experience of land use planning as an example of government failure. The book opens by outlining the institutional focus of public choice theory, examining the central questions of market and government failure and the theoretical case for government intervention in the environment. Having explored the principal impacts of planning the book goes on to analyse the institutional structures which have produced these policy outcomes. The analysis suggests that institutional incentives within the 'political market' have frequently led to policies which favour special interest groups and public sector bureaucracy. The book concludes with an assessment of the potential for a private property rights, free market alternative to increase community involvement and access.
Author:
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 1246
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Book Description
Author: Ling Hin Li
Publisher: Routledge
ISBN: 1317644832
Category : Business & Economics
Languages : en
Pages : 161
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Book Description
This book aims to provide insight into the "soft" side of real estate research and the interesting results and implications of the real estate research outside the traditional realm of investment/financial aspects. The book also attempts to answer what constitutes the so-called "soft-side" of real estate research if we shift our focus from the usual financial returns and investment analysis. It also attempts to address whether there is such thing as an alternative real estate research paradigm. The book also argues that research in real estate should not only be limited to land and property market performance analyses as this may greatly impair the potential research implications of various real estate studies. The book argues that such analyses take on a very myopic view of real estate research. This book will interest many who wish to learn more about the alternative aspect of real estate research which is more than just about investment analysis.
Author: Peter Marcuse
Publisher: Verso Books
ISBN: 1804294942
Category : Political Science
Languages : en
Pages : 257
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Book Description
In every major city in the world there is a housing crisis. How did this happen and what can we do about it? Everyone needs and deserves housing. But today our homes are being transformed into commodities, making the inequalities of the city ever more acute. Profit has become more important than social need. The poor are forced to pay more for worse housing. Communities are faced with the violence of displacement and gentrification. And the benefits of decent housing are only available for those who can afford it. In Defense of Housing is the definitive statement on this crisis from leading urban planner Peter Marcuse and sociologist David Madden. They look at the causes and consequences of the housing problem and detail the need for progressive alternatives. The housing crisis cannot be solved by minor policy shifts, they argue. Rather, the housing crisis has deep political and economic roots—and therefore requires a radical response.
Author: Leo P. Chall
Publisher:
ISBN:
Category : Sociology
Languages : en
Pages : 812
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Book Description
