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Homeownership, Renting and Society - Historical and Comparative Perspectives (Hardcover)
Loot Price: R4,365
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Homeownership, Renting and Society - Historical and Comparative Perspectives (Hardcover)
Series: Routledge Advances in Sociology
Expected to ship within 12 - 17 working days
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On the eve of the financial crisis, the USA was inhabited by almost
70 percent homeowning households, in comparison to about 45 percent
in Germany. Homeownership, Renting and Society presents new
evidence showing that this homeownership gap already existed
between American and German cities around 1900. Existing
explanations based on culture, government housing policy or typical
socio-economic factors have difficulties in accounting for these
long-term cross-country differences. Using historical case studies
on Germany and the USA, the book identifies three institutional
domains on the supply-side of the housing market - urban land,
housing finance and construction - that set countries on different
housing trajectories and subsequently established differences that
were hard to reverse in later periods. Further chapters generalize
the argument across other OECD (Organisation for Economic
Co-operation and Development) countries and extend the explanation
to cover historical differences in homeownership ideology and
horizontal property institutions. This enlightening volume also
puts forward path-dependence theories in housing studies, connects
housing with vast urban-history and political-economy literature
and offers comprehensive insights about the case of a tenant's
country which contradicts the tendency towards universal
homeownership. Providing an all-new historic-institutionalist
explanation of the German-American homeownership gap, this title
will be of interest to postgraduate students and scholars
interested in fields including: Housing Studies, Sociology, Urban
History, Political Economy, Social Policy and Geography. It may
also be of interest to those working in housing field organizations
and ministries.
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