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Why Can't You Afford a Home?

By Josh Ryan-Collins
Series: The Future of Capitalism
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Book Hero Magic crafted this summary to help describe this book. While it's new and still learning, it may not be perfect - your feedback is welcome! Summary
Josh Ryan-Collins explores why millions, especially millennials, are priced out of the housing market across the Western world. He reveals a core paradox in modern capitalism where private home ownership combined with lightly regulated commercial banking drives a cycle of unlimited credit flowing into a limited property supply. This feedback results in rising house prices, falling ownership, growing inequality, stagnation, and financial instability. The book calls for radical reforms to break this cycle and make homes affordable again.
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Format: Paperback / softback
$3599
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Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?

This accessible and engaging book is essential for anyone seeking to understand the root causes of the housing affordability crisis and potential solutions, particularly students, policy makers, economists, and concerned citizens.

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Book Hero Magic formatted this description to make it easier to read. While it's new and still learning, it may not be perfect - your feedback is welcome! Description

Throughout the Western world, a whole generation is being priced out of the housing market. For millions of people, particularly millennials, the basic goal of acquiring decent, affordable accommodation is a distant dream.

Leading economist Josh Ryan-Collins argues that to understand this crisis, we must examine a crucial paradox at the heart of modern capitalism. The interaction of private home ownership and a lightly regulated commercial banking system leads to a feedback cycle. Unlimited credit and money flow into an inherently finite supply of property, which causes rising house prices, declining home ownership, rising inequality and debt, stagnant growth, and financial instability. Radical reforms are needed to break the cycle.

This engaging and topical book will be essential reading for anyone who wants to understand why they can’t find an affordable home, and what we can do about it. Why Can't You Afford a Home? offers insights and solutions for this widespread issue.

Series: The Future of Capitalism

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Book Hero Magic summarised reviews for this book. While it's new and still learning, it may not be perfect - your feedback is welcome! HOW HAS THIS BEEN REVIEWED?

Experts praise the book for its clear explanation of the housing-financial cycle and the role of bank lending in creating the housing crisis. Michael Hudson calls it "excellent" and highlights how some countries have broken the cycle. Steve Keen commends Ryan-Collins for showing that over-lending, not lifestyle choices or land scarcity, drives unaffordable housing. Inside Housing describes it as the best short introduction to housing financialisation, while the Irish Times finds it readable and valuable in explaining the current crisis.

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Book Details

INFORMATION

ISBN: 9781509523269

Publisher: John Wiley and Sons Ltd

Format: Paperback / softback

Date Published: 12 October 2018

Country: United Kingdom

Imprint: Polity Press

Audience: Professional and scholarly

DIMENSIONS

Spine width: 13.0mm

Width: 122.0mm

Height: 183.0mm

Weight: 181g

Pages: 140

Collections

Education & Reference Finance & Economics Finance & Investment Josh Ryan-Collins Non-Fiction Series: The Future of Capitalism

About the Author

Josh Ryan-Collins is a Senior Research Associate at the Institute for Innovation and Public Purpose, University College London.

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