Abstract

This article provides a commentary on the individual pieces in this special issue. It makes a distinction between the macro and micro politics of housing and uses this to investigate the extent to which a new politics of property has emerged across the cases. Evidence for both a shift to the right, as predicted by several of the authors, contrary trends, and a new intergenerational politics of housing is discussed. The analysis of the global housing bubble is itself placed in a broader theoretical context, stressing the links between housing and the prior equities and current commodities bubbles. Finally, a mechanism whereby highly liquid markets and limited asset classes combine to produce compounding and concurrent bubbles is suggested.

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