Why Cant You Afford a Home? Ryan-Collins JoshPaperback
Why Cant You Afford a Home? Ryan-Collins JoshPaperback Throughout the western world, a whole generation is being priced out of the housing market. For millions of people, particularly millennials,…
Specifikacia Why Cant You Afford a Home? Ryan-Collins JoshPaperback
Why Cant You Afford a Home? Ryan-Collins JoshPaperback
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.In this compelling book, leading economist Josh-Ryan Collins argues that to understand this crisis, we must examine a crucial paradox at the heart of modern capitalism. While wages and incomes continue to stagnate for the majority, house prices and rents remain staggeringly high.
Their interaction leads to a 'doom loop' in which unlimited credit and money flows into an inherently finite supply of viable property, resulting in ever higher house prices. Two of the key ingredients of contemporary capitalist societies, private home ownership and a lightly regulated commercial banking system, are not mutually compatible. The result is declining levels of home
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