For many younger and lower-income people, housing affordability
continues to worsen. Based on the academic research of two
distinguished housing economists - and stimulated by working with
governments across the world - this wide-ranging book sets out
clear theoretical and empirical frameworks to tackle one of today's
most important socio-economic issues. Housing unaffordability
arises from complex forces and a prerequisite to effective policy
is understanding the causes of rising house prices and rents and
the interactions between housing, housing finance and the
macroeconomy. The authors challenge many of the conventional
wisdoms in housing policy and offer innovative recommendations to
improve affordability.
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