At the root of the housing crisis is the problematic relationship that individuals and economies share with residential property. Housing’s social purpose, as home, is too often relegated behind its economic function, as asset, able to offer a hedge against weakening pensions or source of investment and equity release for individuals, or guarantee rising public revenues, sustain consumer confidence and provide evidence of ‘growth’ for economies. The refunctioning of housing in the twentieth century is a cause of great social inequality, as housing becomes a place to park and extract wealth and as governments do all they can to keep house prices on an upward track.
Table of Content
1. The housing crisis
2. A wicked problem
3. Housing’s economic context
4. Local pathways to crisis
5. Whose housing crisis?
6. An exit strategy
About the author
Nick Gallent is Professor of Housing and Planning at University College London. His research focuses on planning systems and local practice, as they relate to housing delivery. He has a particular interest in rural communities and affordable housing.
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