Policy Press

Publishing with Purpose

Understanding Affordability

The Economics of Housing Markets

By Geoffrey Meen and Christine Whitehead

Published

8 Jul 2020

Page count

336 pages

ISBN

978-1529211856

Dimensions

234 x 156 mm

Imprint

Bristol University Press

Published

8 Jul 2020

Page count

336 pages

ISBN

978-1529211863

Dimensions

234 x 156 mm

Imprint

Bristol University Press

Published

8 Jul 2020

Page count

336 pages

ISBN

978-1529211894

Dimensions

Imprint

Bristol University Press

Published

8 Jul 2020

Page count

336 pages

ISBN

978-1529211894

Dimensions

Imprint

Bristol University Press
Understanding Affordability

For many younger and lower-income people, housing affordability continues to worsen.

Based on the academic research of two distinguished housing economists – and stimulated by working with governments across the world - this wide-ranging book sets out clear theoretical and empirical frameworks to tackle one of today’s most important socio-economic issues.

Housing unaffordability arises from complex forces and a prerequisite to effective policy is understanding the causes of rising house prices and rents and the interactions between housing, housing finance and the macroeconomy. The authors challenge many of the conventional wisdoms in housing policy and offer innovative recommendations to improve affordability.

“Brings a wealth of knowledge and wisdom to the analysis of the UK housing market.” David Miles, Imperial College London

“Internationally famed economists Geoffrey Meen and Christine Whitehead provide compelling insights for Understanding Affordability. Their holistic diagnosis offers sobering expectations about what various housing policy prescriptions can achieve.” George Galster, Wayne State University

Geoffrey Meen is Professor Emeritus in Applied Economics at the University of Reading and is a member of the UK Collaborative Centre for Housing Evidence.

Christine Whitehead is Professor Emeritus in Housing Economics and Deputy Director of LSE London at the London School of Economics.

Crisis, What Crisis?

Is Housing Really Unaffordable?

What Factors Determine Changes in House Prices and Rents?

Influences on Household Formation and Tenure

Rental Affordability

What Determines the Number of New Homes Built?

Housing Demand, Financial Markets and Taxation

Housing, Affordability and the Macroeconomy

Planning and the Assessment of Housing Need and Demand

Raising the Level of Provate Housing Construction

Subsidizing the Supply of Rental Housing

Subsidizing the Housing Costs of Lower-Income Tenants

Increasing Home Ownership

Where Do We Go from Here?