Why Can't You Afford a Home?
Why Can't You Afford a Home?
Throughout the Western world, a whole generation is being priced out of the housing market. For millions of people, particularly millennials, the basic goal of acquiring decent, affordable accommodation is a distant dream.

Leading economist Josh Ryan-Collins argues that to understand this crisis, we must examine a crucial paradox at the heart of modern capitalism. The interaction of private home ownership and a lightly regulated commercial banking system leads to a feedback cycle. Unlimited credit and money flows into an inherently finite supply of property, which causes rising house prices, declining home ownership, rising inequality and debt, stagnant growth and financial instability. Radical reforms are needed to break the cycle.

This engaging and topical book will be essential reading for anyone who wants to understand why they can’t find an affordable home, and what we can do about it.
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  • November 2018 (hb)
    December 2018 (pb)
  • 140 pages
  • 125 x 188 mm / 5 x 7 in
Available Formats
  • Hardback $45.00
  • 9781509523252
  • Paperback $12.95
  • 9781509523269
  • Open eBook $8.99
  • 9781509523290
Table of Contents
  • Contents
  • Chapter 1
  • Introduction
  • Chapter 2
  • Land, Home-Ownership and the Problem of Economic Rent
  • Chapter 3
  • The Housing-Finance Feedback Cycle and the Deregulation of Finance
  • Chapter 4
  • How and Why Economic Policy Went Astray
  • Chapter 5
  • Breaking the Housing-Finance Feedback Cycle
  • Chapter 6
  • Conclusion
  • Bibliography
About the Author
Josh Ryan-Collins is a Senior Research Associate at the Institute for Innovation and Public Purpose, University College London.
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Reviews

‘In this excellent book, Josh Ryan-Collins shows that unaffordable housing is not inevitable, and how we can break what the author aptly calls the housing-finance cycle.’
Michael Hudson, Levy Economics Institute of Bard College

‘Why can't you afford to buy a home? It's not because of too many smashed avocadoes, or too little land, but too much bank lending. Josh Ryan-Collins clearly explains how bank lending for speculation has made housing inaccessible, and how to tame the beast of finance.’
Steve Keen, author of Debunking Economics

"This book is the best short introduction I’ve seen to a burgeoning literature on housing and financialisation" 
Inside Housing

Why Can’t You Afford a Home? is a short, readable and valuable book…It makes a convincing set of arguments that explain much of our current housing crisis.’
Irish Times

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