{"product_id":"housing-booms-in-gateway-cities-isbn-9781119853602","title":"Housing Booms in Gateway Cities","description":"\u003cb\u003eHOUSING BOOMS IN GATEWAY CITIES\u003c\/b\u003e \u003cp\u003e“David Ley examines the development of housing booms, and policies intended to stimulate or limit them. Utilising a comparative approach in five gateway cities, he provides a superb understanding of the politics of booms, lifting the debate beyond narrow housing and real estate studies. This book is required reading for anyone interested in global cities, housing markets, or comparative urbanism.”\u003cbr\u003e \u003cb\u003e—Manuel B. Aalbers, Professor of Human Geography, KU Leuven, Belgium\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e“A stellar contribution to housing and its financialisation as central to the capitalist project globally, \u003ci\u003eHousing Booms\u003c\/i\u003e offers a wonderful window into the ascendancy of the secondary circuit of real estate in Singapore, Hong Kong, Sydney, Vancouver, and London. Critically, through careful, empirically rigorous comparison, an eminent urban social scientist urges us to understand the importance of \u003ci\u003eplacing\u003c\/i\u003e urban housing theoretically.”\u003cbr\u003e \u003cb\u003e—Loretta Lees, Director of the Initiative on Cities, Boston University\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e“Mastering a wealth of information and insights from five gateway cities, David Ley provides fresh and inspiring explanation of both common global logics and diverse local trajectories of housing booms in the era of financialisation and asset-based accumulation. A timely and ground-breaking contribution, (re)positioning housing to the centrality pervasively felt in everyday life but largely unacknowledged in mainstream social science.”\u003cbr\u003e \u003cb\u003e—George Lin, Chair Professor of Geography, University of Hong Kong\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eIn \u003ci\u003eHousing Booms in Gateway Cities\u003c\/i\u003e, renowned 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. \u003c\/p\u003e\u003cp\u003e\u003ci\u003eHousing Booms in Gateway Cities\u003c\/i\u003e is an ideal resource for academics, students and policymakers with an interest in urban geography, sociology, and planning, housing studies, and any of the cities discussed in the book. It is an innovative treatment of housing as a central category in wealth accumulation in urban economies and societies. \u003c\/p\u003e\u003cp\u003eSeries Editors' Preface viii\u003c\/p\u003e \u003cp\u003eAcknowledgements ix\u003c\/p\u003e \u003cp\u003eList of Figures xi\u003c\/p\u003e \u003cp\u003eList of Tables xii\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1 Introduction: Housing as Asset 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe New Centrality of Housing 2\u003c\/p\u003e \u003cp\u003eThe Volatile Housing Markets of Gateway Cities 5\u003c\/p\u003e \u003cp\u003eThe Globalisation of Residential Markets 7\u003c\/p\u003e \u003cp\u003eA Narrative of Key Relationships 10\u003c\/p\u003e \u003cp\u003eHomeownership and Asset-based Welfare 13\u003c\/p\u003e \u003cp\u003eCorollaries of Homeownership in Asset Society 17\u003c\/p\u003e \u003cp\u003eConcerning Method 18\u003c\/p\u003e \u003cp\u003eNotes 21\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2 Singapore: Housing and Nation Building 23\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Busy Life of House and Home in Singapore 24\u003c\/p\u003e \u003cp\u003eThe Property State 30\u003c\/p\u003e \u003cp\u003eGlobal Pressures… 36\u003c\/p\u003e \u003cp\u003e…and National Defences 39\u003c\/p\u003e \u003cp\u003eReproducing Labour: Housing Costs and Fertility 45\u003c\/p\u003e \u003cp\u003eThe Immigration Fix 49\u003c\/p\u003e \u003cp\u003eTears in the Seamless Society: Housing Affordability 51\u003c\/p\u003e \u003cp\u003eThe 2011 General Election and Since 53\u003c\/p\u003e \u003cp\u003eConclusion 56\u003c\/p\u003e \u003cp\u003eNotes 57\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3 Housing Divides: Property and Society in Hong Kong 61\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Tycoons and the Property Market 63\u003c\/p\u003e \u003cp\u003eHong Kong's Land Supply 66\u003c\/p\u003e \u003cp\u003eCollusion: A Cohesive Growth Coalition 68\u003c\/p\u003e \u003cp\u003eHousing Prices and Their Causes 73\u003c\/p\u003e \u003cp\u003eThe Response of Government Policy 83\u003c\/p\u003e \u003cp\u003eCooling Measures 86\u003c\/p\u003e \u003cp\u003eInequality in the Housing Market and Beyond 89\u003c\/p\u003e \u003cp\u003eResidential Alienation and Its Discontents 95\u003c\/p\u003e \u003cp\u003eConclusion 97\u003c\/p\u003e \u003cp\u003eNotes 98\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4 Sydney: Investors, Offshore Relations, and the 2013-2017 Residential Boom 102\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSydney's House Price Profile 105\u003c\/p\u003e \u003cp\u003eConsequences of House Price Inflation 108\u003c\/p\u003e \u003cp\u003eMaurice Daly and the International Drivers of Sydney's Property Market 112\u003c\/p\u003e \u003cp\u003eFrom the British Empire to an Asian Hegemon: Australia Pivots 116\u003c\/p\u003e \u003cp\u003eThe Economic Contexts of the 2013-2017 Housing Boom 119\u003c\/p\u003e \u003cp\u003eOff-shore Residential Investors: Evidence from the Foreign Investment Review Board 121\u003c\/p\u003e \u003cp\u003eChina and the 2013-2017 Real Estate Boom 124\u003c\/p\u003e \u003cp\u003eGifted Migrants from China 129\u003c\/p\u003e \u003cp\u003eFrom External to Internal Relations: Investor Profiles 131\u003c\/p\u003e \u003cp\u003eThe Domestic Property Investor and Tax-Subsidised Rental Assets 134\u003c\/p\u003e \u003cp\u003eFrom Financial Policy to Cooling Measures 137\u003c\/p\u003e \u003cp\u003eHousing Policy: What Policy? 139\u003c\/p\u003e \u003cp\u003eConclusion 141\u003c\/p\u003e \u003cp\u003eNotes 144\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5 Vancouver: From Housing Deregulation to Reregulation? 149\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eVancouver Housing: The Back Story 152\u003c\/p\u003e \u003cp\u003eOwnership, Assets, Gains 155\u003c\/p\u003e \u003cp\u003eSpring 2015: An Emerging Counter-Narrative 158\u003c\/p\u003e \u003cp\u003eThe Angus Reid Survey and the Shaking of an Ideology 161\u003c\/p\u003e \u003cp\u003eGovernments and Elections: All Change 164\u003c\/p\u003e \u003cp\u003eTowards Reregulation? Clipping the Libertarian Wings of the Real Estate Council 166\u003c\/p\u003e \u003cp\u003eSerious Reregulation? 169\u003c\/p\u003e \u003cp\u003eAssessment: Reregulation Achieved? 173\u003c\/p\u003e \u003cp\u003eConclusion 178\u003c\/p\u003e \u003cp\u003eNotes 181\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6 London 2012: The Best of Times, the Worst of Times 184\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLondon's House Prices 187\u003c\/p\u003e \u003cp\u003eThe Significance of Prime London 190\u003c\/p\u003e \u003cp\u003e‘The World Capital for Property Investment' 196\u003c\/p\u003e \u003cp\u003eOpaque Investment and Money Laundering 201\u003c\/p\u003e \u003cp\u003eGlobal Property Developers 203\u003c\/p\u003e \u003cp\u003eThe Supply-Demand Imbalance 205\u003c\/p\u003e \u003cp\u003ePublic Policy and the Transformation of Housing Supply 209\u003c\/p\u003e \u003cp\u003eAusterity: The Metanarrative 213\u003c\/p\u003e \u003cp\u003eAusterity Vs. Social Housing 215\u003c\/p\u003e \u003cp\u003eConclusion 220\u003c\/p\u003e \u003cp\u003eNotes 223\u003c\/p\u003e \u003cp\u003eContents vii\u003c\/p\u003e \u003cp\u003e\u003cb\u003e7 Conclusion: The Place of Housing 228\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntercity Generalisations 229\u003c\/p\u003e \u003cp\u003eGateways and Nations 229\u003c\/p\u003e \u003cp\u003eHousing Booms in Time and Space 230\u003c\/p\u003e \u003cp\u003eThe Globalisation of Residential Markets 232\u003c\/p\u003e \u003cp\u003eHousing Inequality 235\u003c\/p\u003e \u003cp\u003eHousing Booms: Market-Based Causes 236\u003c\/p\u003e \u003cp\u003eThe State's Role in Incentivising and Cooling Housing Booms 238\u003c\/p\u003e \u003cp\u003eHomeownership and an Asset-Based Society 242\u003c\/p\u003e \u003cp\u003ePlacing Urban Housing Theoretically 250\u003c\/p\u003e \u003cp\u003eNotes 257\u003c\/p\u003e \u003cp\u003eReferences 259\u003c\/p\u003e \u003cp\u003eIndex 310\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eDavid Ley, PhD,\u003c\/b\u003e is Emeritus Professor of Geography at the University of British Columbia. He is the author of \u003ci\u003eMillionaire Migrants: Trans-Pacific Life Lines\u003c\/i\u003e and \u003ci\u003eThe New Middle Class and the Remaking of the Central City\u003c\/i\u003e. He has been awarded the Massey Medal of the Royal Canadian Geographical Society and the Distinguished Scholarship Award of the Association of American Geographers.   \u003c\/p\u003e\u003cp\u003e“David Ley examines the development of housing booms, and policies intended to stimulate or limit them. Utilising a comparative approach in five gateway cities, he provides a superb understanding of the politics of booms, lifting the debate beyond narrow housing and real estate studies. This book is required reading for anyone interested in global cities, housing markets, or comparative urbanism.”\u003cbr\u003e \u003cb\u003e—Manuel B. Aalbers, Professor of Human Geography, KU Leuven, Belgium\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e“A stellar contribution to housing and its financialisation as central to the capitalist project globally, \u003ci\u003eHousing Booms\u003c\/i\u003e offers a wonderful window into the ascendancy of the secondary circuit of real estate in Singapore, Hong Kong, Sydney, Vancouver, and London. Critically, through careful, empirically rigorous comparison, an eminent urban social scientist urges us to understand the importance of \u003ci\u003eplacing\u003c\/i\u003e urban housing theoretically.”\u003cbr\u003e \u003cb\u003e—Loretta Lees, Director of the Initiative on Cities, Boston University\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e“Mastering a wealth of information and insights from five gateway cities, David Ley provides fresh and inspiring explanation of both common global logics and diverse local trajectories of housing booms in the era of financialisation and asset-based accumulation. A timely and ground-breaking contribution, (re)positioning housing to the centrality pervasively felt in everyday life but largely unacknowledged in mainstream social science.”\u003cbr\u003e \u003cb\u003e—George Lin, Chair Professor of Geography, University of Hong Kong\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eIn \u003ci\u003eHousing Booms in Gateway Cities\u003c\/i\u003e, renowned 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. \u003c\/p\u003e\u003cp\u003e\u003ci\u003eHousing Booms in Gateway Cities\u003c\/i\u003e is an ideal resource for academics, students and policymakers with an interest in urban geography, sociology, and planning, housing studies, and any of the cities discussed in the book. It is an innovative treatment of housing as a central category in wealth accumulation in urban economies and societies.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989372977381,"sku":"NP9781119853602","price":34.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119853602.jpg?v=1761783859","url":"https:\/\/k12savings.com\/es\/products\/housing-booms-in-gateway-cities-isbn-9781119853602","provider":"K12savings","version":"1.0","type":"link"}