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Author: Jens Lunde
Publisher: John Wiley & Sons
ISBN: 1118929454
Category : Business & Economics
Languages : en
Pages : 483
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Book Description
This book provides evidence on how housing finance markets developed across Europe. The objective of the text is to bring together up to date material from across Europe which will help to clarify (i) how national housing finance markets have dealt with the challenges of deregulation and privatisation since the 1980s,(ii) how the financial crisis has impacted on the structure of the industry and the range of financial instruments available, (iii) how governments and the EU have responded to increasing risks and higher indebtedness in most West European countries and the need to grow new finance markets in Eastern Europe, and (iv) how changing housing finance markets impact on the capacity to provide adequate affordable housing into the future.
Author: Jens Lunde
Publisher: John Wiley & Sons
ISBN: 1118929454
Category : Business & Economics
Languages : en
Pages : 483
Get Book Here
Book Description
This book provides evidence on how housing finance markets developed across Europe. The objective of the text is to bring together up to date material from across Europe which will help to clarify (i) how national housing finance markets have dealt with the challenges of deregulation and privatisation since the 1980s,(ii) how the financial crisis has impacted on the structure of the industry and the range of financial instruments available, (iii) how governments and the EU have responded to increasing risks and higher indebtedness in most West European countries and the need to grow new finance markets in Eastern Europe, and (iv) how changing housing finance markets impact on the capacity to provide adequate affordable housing into the future.
Author: Jens Lunde
Publisher:
ISBN: 9781118929421
Category : Housing
Languages : en
Pages :
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Book Description
This book provides evidence on how housing finance markets developed across Europe. The objective of the text is to bring together up to date material from across Europe which will help to clarify (i) how national housing finance markets have dealt with the challenges of deregulation and privatisation since the 1980s,(ii) how the financial crisis has impacted on the structure of the industry and the range of financial instruments available, (iii) how governments and the EU have responded to increasing risks and higher indebtedness in most West European countries and the need to grow new finance markets in Eastern Europe, and (iv) how changing housing finance markets impact on the capacity to provide adequate affordable housing into the future.
Author: Adam J. Levitin
Publisher: Harvard University Press
ISBN: 0674979656
Category : Business & Economics
Languages : en
Pages : 401
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Book Description
The definitive account of the housing bubble that caused the Great Recession—and earned Wall Street fantastic profits. The American housing bubble of the 2000s caused the worst global financial crisis since the Great Depression. In this definitive account, Adam Levitin and Susan Wachter pinpoint its source: the shift in mortgage financing from securitization by Fannie Mae and Freddie Mac to “private-label securitization” by Wall Street banks. This change set off a race to the bottom in mortgage underwriting standards, as banks competed in laxity to gain market share. The Great American Housing Bubble tells the story of the transformation of mortgage lending from a dysfunctional, local affair, featuring short-term, interest-only “bullet” loans, to a robust, national market based around the thirty-year fixed-rate mortgage, a uniquely American innovation that served as the foundation for the middle class. Levitin and Wachter show how Fannie and Freddie’s market power kept risk in check until 2003, when mortgage financing shifted sharply to private-label securitization, as lenders looked for a way to sustain lending volume following an unprecedented refinancing wave. Private-label securitization brought a return of bullet loans, which had lower initial payments—enabling borrowers to borrow more—but much greater back-loaded risks. These loans produced a vast oversupply of underpriced mortgage finance that drove up home prices unsustainably. When the bubble burst, it set off a destructive downward spiral of home prices and foreclosures. Levitin and Wachter propose a rebuild of the housing finance system that ensures the widespread availability of the thirty-year fixed-rate mortgage, while preventing underwriting competition and shifting risk away from the public to private investors.
Author: Gerard Van Bortel
Publisher: Routledge
ISBN: 1351621777
Category : Business & Economics
Languages : en
Pages : 505
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Book Description
There is a large shortage of affordable housing across Europe. In high‐demand urban areas housing shortages lead to unaffordable prices for many target groups. This book explores innovations to support a sufficient supply of affordable and sustainable rental housing. Affordable housing is increasingly developed, financed and managed by a mix of market, state, third sector and community actors. Recent decades in large parts of the Western world have consecutively shown state-dominated, non-profit housing sectors, an increased role for market forces and the private sector, and the rise of initiatives by citizens and local communities. The variety of hybrid governance and finance arrangements is predicted to increase further, leading to new affordable housing delivery and management models. This book explores these innovations, with a focus on developments across Europe, and comparative chapters from the USA and Australia. The book presents new thinking in collaborative housing, co-production and accompanying finance mechanisms in order to support the quantity and the quality of affordable rental housing. Combining academic robustness with practical relevance, chapters are written by renowned housing researchers in collaboration with practitioners from the housing sector. The book not only presents, compares and contrasts affordable housing solutions, but also explores the transferability of innovations to other countries. The book is essential reading for researchers and professionals in housing, social policy, urban planning and finance.
Author: Bertrand Renaud
Publisher: John Wiley & Sons
ISBN: 0470672668
Category : Business & Economics
Languages : en
Pages : 350
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Book Description
This book is the first to evaluate the organisation, behaviour and performance of six major East Asian real estate markets. It offers a unique analysis of the growth and transformation of the real estate sector across East Asia. The authors examine the interactions between volatility in the sector and the overall stability of the economy, in particular during the Asia financial crisis of 1997-98, and the global financial crisis of 2008-09. draws on the best available theoretical and empirical literature applies analytic tools in the context of East Asian institutions and policies helps understand factors affecting resilience and stability in East Asian real estate markets.
Author: Schmid, Christoph U.
Publisher: Edward Elgar Publishing
ISBN: 1800377444
Category : Law
Languages : en
Pages : 416
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Book Description
This timely book provides readers with a detailed comparative survey of tenure innovation and diversification in Europe. Alternative and intermediate tenures, i.e., housing options beyond tenancy and homeownership, are examined as remedies to address the growing European housing crisis.
Author: Sigríður Kristjánsdóttir
Publisher: Routledge
ISBN: 1317086775
Category : Architecture
Languages : en
Pages : 349
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Book Description
For well over a decade, there has been a drive towards sustainability in planning throughout the Nordic countries. But are these countries experiencing a paradigm shift in planning research and practice with regards to sustainability? Or is the sustainability discourse leading them into an impasse in planning? This book includes overviews of the planning systems in the five Nordic countries, drawing attention to their increasing focus on sustainability. A leading team of scholars from the fields of planning, urban design, architecture, landscape, economics, real estate and tourism explore how the notion of sustainability has shaped planning research in the Nordic countries. Case studies from Iceland, Sweden, Finland, Norway and Denmark shed light on what lessons can be learned and some possible future developments. By focusing on the actual settings and practices of local and regional planning activities, it enables a discussion on the current state of planning for a more sustainable future. This book will be valuable reading for students and academics interested in planning policy, environmental policy, architecture and urban design work.
Author: Jill E. Twark
Publisher: Berghahn Books
ISBN: 1800736940
Category : History
Languages : en
Pages : 278
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Book Description
German economic crises from the past two hundred years have provoked diverse responses from journalists, politicians, scholars, and fiction writers. Among their responses, storylines have developed as proposals for reducing unemployment, improving workplace conditions, and increasing profitability when stock markets tumble, accompanied by inflation, deflation, and overwhelming debt. The contributors to Invested Narratives assess German-language economic crisis narratives from the interdisciplinary perspectives of finance, economics, political science, sociology, history, literature, and cultural studies. They interpret the ways German society has tried to comprehend, recover from, and avoid economic crises and in doing so widen our understanding of German economic debates and their influence on German society and the European Union.
Author: Nico Moons
Publisher: Routledge
ISBN: 1351605615
Category : Law
Languages : en
Pages : 248
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Book Description
From the very first negotiations of the International Covenant on Economic, Social and Cultural Rights half a century ago to the present day, socio-economic rights have often been regarded as less enforceable than civil and political rights. The right to adequate housing, even though protecting one of the most basic needs of human beings, has not escaped this classification. Despite its strong foundations in international, regional and domestic legislation, many people are still deprived of one or more of the different key elements that comprise adequate housing. How, then, can international human rights theory and case law be developed into effective vehicles at the domestic level? Rather than focusing merely on possibilities for individualized relief through the court system, The Right to Housing in Law and Society looks into more effective socio-economic rights realization by addressing both conceptual and practical stumbling blocks that hinder a more structural progress at the national level. The Flemish and Belgian housing legislation and policy are used to highlight the problems and illustrate the pathways here presented. While first and foremost legal in its approach, the book also offers a more sociological perspective on the functioning of the right to housing in practice. It shows the latest state of knowledge on the topic and will be of interest to researchers, academics, policymakers and students in the fields of international socio-economic rights law and human rights law more generally.
Author: Martin Grander
Publisher: Taylor & Francis
ISBN: 1003830420
Category : Political Science
Languages : en
Pages : 433
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Book Description
This handbook takes on one of the most pressing issues of today’s society – the question of housing. It is a cutting-edge edited volume about the disputed interrelationship between housing and the wider welfare state. Although housing scholars generally agree that housing should be regarded as part of such a wider welfare system, it has proven hard to pinpoint and operationalize its position within it. Moreover, the relationship became considerably more complex as a result of the period of intense globalization and the integration of national housing finance systems into world finance markets. Furthermore, welfare systems reflect economic as well as social models and these, too, have changed as countries have responded to globalization, and traditional ideological frameworks have become less distinct. Thus, there is a need to redefine the connection between housing and welfare in light of changes in both welfare and housing systems. By investigating the current situation and historical development of housing provision and welfare distribution in different contexts worldwide, this book aims to contribute to an expanded understanding of housing and welfare. The book brings together 25 international housing researchers covering 15 countries worldwide. With such a global approach, the book aims to provide an updated empirical picture and analysis of different housing systems and their connection to the welfare regime in different national contexts. The book moves beyond the usual focus on affordable housing provision in the context of well-developed welfare regimes and includes countries from the global south, incorporating regions where it is debatable whether there are welfare systems present at all. Thus, the book aims to provide the reader with an insight into the large differences in housing provision in international contexts with large differences regarding how the welfare state is comprised. From these insights, we reflect on whether regime approaches continue to provide a suitable theoretical framework for understanding the relationship between housing and the wider welfare state. This handbook is essential reading for researchers, students, policymakers, and other professionals in the fields of housing studies, welfare studies, economics, urban studies, social work, social and public policy, and sociology.
