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Author: Marko Hannonen Publisher: Suomen E-painos Oy ISBN: 9526613368 Category : Mathematics Languages : en Pages : 74
Book Description
This book presents the essential ideas of the field theory of house prices. This theory combines some fundamental concepts of classical physics and standard economics, providing a new, alternative way of thinking about house prices. In the field theory of house prices a new concept of analysis is defined: house prices by distance from the CBD (Central Business District). In traditional neoclassical economics, house prices are analysed directly without including the location element of a house. The field theory, however, takes location explicitly into account by analysing house prices divided by the distance from the CBD. The main ideas of the field theory are also applicable to the land markets and facilities markets, where location plays a significant role in the analysis of property prices. The author is a Doctor of Science (Technology), whose research interest focuses on applied mathematics and economics.
Author: Marko Hannonen Publisher: Suomen E-painos Oy ISBN: 9526613368 Category : Mathematics Languages : en Pages : 74
Book Description
This book presents the essential ideas of the field theory of house prices. This theory combines some fundamental concepts of classical physics and standard economics, providing a new, alternative way of thinking about house prices. In the field theory of house prices a new concept of analysis is defined: house prices by distance from the CBD (Central Business District). In traditional neoclassical economics, house prices are analysed directly without including the location element of a house. The field theory, however, takes location explicitly into account by analysing house prices divided by the distance from the CBD. The main ideas of the field theory are also applicable to the land markets and facilities markets, where location plays a significant role in the analysis of property prices. The author is a Doctor of Science (Technology), whose research interest focuses on applied mathematics and economics.
Author: Kinglun Ngok Publisher: Routledge ISBN: 1317937007 Category : Social Science Languages : en Pages : 268
Book Description
This book critically and comprehensively examines China’s welfare development amidst its rapid economic growth and increasing social tensions. It covers the main policy areas from China’s inception of the open door policy in 1978 to the new administration of Jinping Xi and Keqiang Li, including social security, health, education, housing, employment, rural areas, migrant workers, children and young people, disabled people, old age pensions and non-governmental organisations. In particular, it critically analyses the impact of policy changes on the well-being of Chinese people
Author: Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
This report states that bringing about the rapid adjustment of house prices to trend levels is the best means of returning stability to the housing market. The paper also calls for the restriction of GSE capital in bubble-inflated markets, with the intent of forcing house prices in these areas to return to trend level. The removal of capital from bubble markets and the consequent infusion of loans into non-bubble markets would stabilize prices in these areas, thus preventing a downward price spiral and overshooting of trend-level prices on the negative side. The report also advocates mortgage appraisal based on a price-to-rent ratio of 15 to 1. As well, the paper suggests giving families facing foreclosure the right to rent their homes both to keep them in their houses and offer banks real incentives to avoid foreclosure.
Author: Anthony C. Hotson Publisher: Cambridge University Press ISBN: 1108191207 Category : Business & Economics Languages : en Pages : 309
Book Description
The financial collapse of 2007–8 has questioned our assumptions about the underlying basis for stability in the financial system, and Anthony Hotson here offers an important reassessment of the development of London's money and credit markets since the great currency crisis of 1695. He shows how this period has seen a series of intermittent financial crises interspersed with successive attempts to find ways and means of stabilizing the system. He emphasises, in particular, the importance of various principles of sound banking practice, developed in the late nineteenth century, that helped to stabilize London's money and credit markets. He shows how these principles informed a range of market practices that limited aggressive forms of funding, and discouraged speculative lending. A tendency to downplay the importance of these regulatory practices encouraged a degree of complacency about their removal, with consequences right through to the present day.
Author: Colin Jones Publisher: John Wiley & Sons ISBN: 0470672331 Category : Law Languages : en Pages : 337
Book Description
This timely book addresses key challenges faced by policy makers and the house-building industry in a post-credit crunch world. It examines the implications for households, the housing market, the economy, as well as for government's policy choices. Challenges of the Housing Economy: an international perspective brings together experts from around the world to examine recent housing market trends. The contributions reveal common long-term trends in housing markets worldwide. Despite differences in supply conditions and the role of planning, there is a trend toward rising house prices that has created significant barriers to home ownership for young households while increasing the wealth of older generations. The financial crisis had a differential impact on housing markets but in many countries where mortgage finance became severely constrained, house prices fell and there was a dramatic fall in housing construction. The falls in house prices in these countries have ostensibly improved affordability but the housing markets have been dominated by the lowering of loan to values applicable to new mortgages which has further raised the hurdles to potential first-time purchasers. At the same time as young households are increasingly rationed out of owner-occupation, public sector expenditure cut-backs in many countries result in limited new social housing. Instead, value for money imperatives will mean new funding models for affordable housing that require greater use of public-private partnerships. The private rented sector could potentially meet the demand for the new generation of long-term renters. However, there are doubts - in the UK at least - that this sector will be able to expand significantly or provide an appropriate type and standard of housing. This is an essential advanced text for students and researchers of land economy and land management; property and real estate; housing policy; and urban studies.
Author: Great Britain: Parliament: House of Commons: ODPM: Housing, Planning, Local Government and the Regions Committee Publisher: The Stationery Office ISBN: 021502785X Category : Political Science Languages : en Pages : 444
Book Description
Affordability and the supply of Housing : Session 2005-06, Vol. 2: Oral and written Evidence
Author: Peter Malpass Publisher: Taylor & Francis ISBN: 1000318613 Category : Social Science Languages : en Pages : 254
Book Description
Originally published in 1986 at a time when Britain was facing a major housing crisis, this book, containing much original research, examines the crisis and analyses the reasons for it, providing foundations for the construction of effective new policies. As relevant now as when it was first published the book discusses under investment in housing stock, in both the public and private sectors, renovation and maintenance and neglect of particular disadvantaged groups such as the elderly, the single homeless and those in low income groups.
Author: Rob Nijskens Publisher: Springer ISBN: 3030116743 Category : Business & Economics Languages : en Pages : 220
Book Description
This open access book discusses booming housing markets in cities around the globe, and the resulting challenges for policymakers and central banks. Cities are booming everywhere, leading to a growing demand for urban housing. In many cities this demand is out-pacing supply, which causes house prices to soar and increases the pressure on rental markets. These developments are posing major challenges for policymakers, central banks and other authorities responsible for ensuring financial stability, and economic well-being in general.This volume collects views from high-level policymakers and researchers, providing essential insights into these challenges, their impact on society, the economy and financial stability, and possible policy responses. The respective chapters address issues such as the popularity of cities, the question of a credit-fueled housing bubble, the role of housing supply frictions and potential policy solutions. Given its scope, the book offers a revealing read and valuable guide for everyone involved in practical policymaking for housing markets, mortgage credit and financial stability.
Author: Marko Hannonen
Author: Marko Hannonen
Author: Arzu Uluc
Author: Organisation for Economic Co-operation and Development
Author: Kinglun Ngok
Author: 
Author: Anthony C. Hotson
Author: Colin Jones
Author: Great Britain: Parliament: House of Commons: ODPM: Housing, Planning, Local Government and the Regions Committee
Author: Peter Malpass
Author: Rob Nijskens