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Housing booms in gateway cities

Ley, David, author.

Housing booms in gateway cities

Ley, David, author.

9781119853633

9781119853626

9781119853619

1 online resource (x, 315 pages) : illustrations, maps

IJURR studies in urban and social change book series

IJURR studies in urban and social change book series.

Intro -- Housing Booms in Gateway Cities -- Contents -- Series Editors' Preface -- Acknowledgements -- List of Figures -- List of Tables -- 1 Introduction: Housing as Asset -- The New Centrality of Housing -- The Volatile Housing Markets of Gateway Cities -- The Globalisation of Residential Markets -- A Narrative of Key Relationships -- Homeownership and Asset-based Welfare -- Corollaries of Homeownership in Asset Society -- Concerning Method -- Notes -- 2 Singapore: Housing and Nation Building -- The Busy Life of House and Home in Singapore -- The Property State -- Global Pressures...

...And National Defences -- Reproducing Labour: Housing Costs and Fertility -- The Immigration Fix -- Tears in the Seamless Society: Housing Affordability -- The 2011 General Election and Since -- Conclusion -- Notes -- 3 Housing Divides: Property and Society in Hong Kong -- The Tycoons and the Property Market -- Hong Kong's Land Supply -- Collusion: A Cohesive Growth Coalition -- Housing Prices and Their Causes -- The Response of Government Policy -- Cooling Measures -- Inequality in the Housing Market and Beyond -- Residential Alienation and Its Discontents -- Conclusion -- Notes

4 Sydney: Investors, Offshore Relations, and the 2013-2017 Residential Boom -- Sydney's House Price Profile -- Consequences of House Price Inflation -- Maurice Daly and the International Drivers of Sydney's Property Market -- From the British Empire to an Asian Hegemon: Australia Pivots -- The Economic Contexts of the 2013-2017 Housing Boom -- Off-shore Residential Investors: Evidence from the Foreign Investment Review Board -- China and the 2013-2017 Real Estate Boom -- Gifted Migrants from China -- From External to Internal Relations: Investor Profiles

The Domestic Property Investor and Tax-Subsidised Rental Assets -- From Financial Policy to Cooling Measures -- Housing Policy: What Policy? -- Conclusion -- Notes -- 5 Vancouver: From Housing Deregulation to Reregulation? -- Vancouver Housing: The Back Story -- Ownership, Assets, Gains -- Spring 2015: An Emerging Counter-Narrative -- The Angus Reid Survey and the Shaking of an Ideology -- Governments and Elections: All Change -- Towards Reregulation? Clipping the Libertarian Wings of the Real Estate Council -- Serious Reregulation? -- Assessment: Reregulation Achieved? -- Conclusion -- Notes

6 London 2012: The Best of Times, the Worst of Times -- London's House Prices -- The Significance of Prime London -- 'The World Capital for Property Investment' -- Opaque Investment and Money Laundering -- Global Property Developers -- The Supply-Demand Imbalance -- Public Policy and the Transformation of Housing Supply -- Austerity: The Metanarrative -- Austerity Vs. Social Housing -- Conclusion -- Notes -- 7 Conclusion: The Place of Housing -- Intercity Generalisations -- Gateways and Nations -- Housing Booms in Time and Space -- The Globalisation of Residential Markets -- Housing Inequality

In Housing Booms in Gateway Cities, geographer Dr. David Ley delivers a detailed exploration of housing markets in Hong Kong, Singapore, Sydney, Vancouver, and London and explains why these gateway cities have seen dramatic increases in residential real estate prices since the 1980s. The author describes how the globalization of real estate has rapidly inflated demand and uncoupled local housing prices from local wages, causing acute problems of affordability, availability, and inequality. The book implicates government policy in massive real estate price inflation, describing a shift from welfare-based to asset-based societies. It also highlights the relatively unique experience in Singapore, where asset-based housing policy has encouraged the dispersion of ownership and accumulation through an increased supply of subsidized leasehold apartments and the regulation of disruptive investment flows.

John Wiley and Sons

Housing -- Prices.

Metropolitan areas.

Logement -- Prix.

Urban.

Sociology.

SOCIAL SCIENCE.

Housing -- Prices

Metropolitan areas

Electronic books.

https://onlinelibrary.wiley.com/doi/book/10.1002/9781119853619