One of the biggest challenges for students of housing is
understanding the financial principles which underpin the place of
housing in the wider economy. By taking a political economy
approach, Peter King's Understanding Housing Finance makes the
basic principles of the subject accessible, without requiring
detailed prior knowledge of economics or financial systems.
The book explains housing finance by exploring the way in which
markets and governments react together. It takes a conceptual
approach to consider the advantages and limits of housing markets
and why governments intervene. The consequences of intervention are
explored in detail using examples of housing subsidy systems and
policy mechanisms such as rent control, housing allowances and
subsidies to owner occupation.
This is a key reference for students on housing and planning
courses at both undergraduate and postgraduate level. The book's
approach means that its relevance is not confined to one particular
housing system, but is useful for those studying housing finance in
most developed and developing countries.
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