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This is a book about the risks and rewards of home ownership in the 21st century. A range of vivid examples, including from the sub-prime crisis, show how housing markets concentrate wealth into property, how the role of mortgage markets has changed, and how financial markets have failed to manage the credit and investment risks for home occupiers.

Produktbeschreibung
This is a book about the risks and rewards of home ownership in the 21st century. A range of vivid examples, including from the sub-prime crisis, show how housing markets concentrate wealth into property, how the role of mortgage markets has changed, and how financial markets have failed to manage the credit and investment risks for home occupiers.
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Autorenporträt
Susan J. Smith is Professor of Geography and a Director of the Institute of Advanced Study at Durham University. She is a graduate of Oxford University, a Fellow of the British Academy and of the Royal Society of Edinburgh, and a member of the Academy of Social Sciences. Her work on the housing economy is funded by the UK's Economic and Social Research Council: it is interdisciplinary in style, drawing from cultural economy, material sociology, and economic anthropology, as well as from mainstream housing economics; and it has a practical edge, engaging with policy, practice, and everyday life. Employing a range of qualitative methods alongside more conventional quantitative tools, Professor Smith is concerned with the changing character of housing investment, trends in mortgage equity withdrawal, and the volatile landscape of housing risk. She has written over 100 books and articles on housing and related themes.