Abstract
Noting the recent resurgence of housing as a political issue, this article takes a historic view of the origins of the current housing crisis. While the foundations of the contemporary housing system were laid in the period following the First World War, the roots of the crisis lie in two developments in the 1980s: the privatisation of the social housing stock through the Right to Buy and the growth of mortgage lending in response to financial liberalisation. These two changes combined to produce an upsurge in ground rent on residential land and a restructuring of housing consumption and production around the pursuit of this ground rent. This article ends by outlining a range of policy measures and considering the prospects for their implementation.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
