Housing Booms in Gateway Cities

ISBN-13: 9781119853596 / Angielski

David Ley

Spis treści

Series Editors' Preface viiiAcknowledgements ixList of Figures xiList of Tables xii1 Introduction: Housing as Asset 1The New Centrality of Housing 2The Volatile Housing Markets of Gateway Cities 5The Globalisation of Residential Markets 7A Narrative of Key Relationships 10Homeownership and Asset-based Welfare 13Corollaries of Homeownership in Asset Society 17Concerning Method 18Notes 212 Singapore: Housing and Nation Building 23The Busy Life of House and Home in Singapore 24The Property State 30Global Pressures... 36...and National Defences 39Reproducing Labour: Housing Costs and Fertility 45The Immigration Fix 49Tears in the Seamless Society: Housing Affordability 51The 2011 General Election and Since 53Conclusion 56Notes 573 Housing Divides: Property and Society in Hong Kong 61The Tycoons and the Property Market 63Hong Kong's Land Supply 66Collusion: A Cohesive Growth Coalition 68Housing Prices and Their Causes 73The Response of Government Policy 83Cooling Measures 86Inequality in the Housing Market and Beyond 89Residential Alienation and Its Discontents 95Conclusion 97Notes 984 Sydney: Investors, Offshore Relations, and the 2013-2017 Residential Boom 102Sydney's House Price Profile 105Consequences of House Price Inflation 108Maurice Daly and the International Drivers of Sydney's Property Market 112From the British Empire to an Asian Hegemon: Australia Pivots 116The Economic Contexts of the 2013-2017 Housing Boom 119Off-shore Residential Investors: Evidence from the Foreign Investment Review Board 121China and the 2013-2017 Real Estate Boom 124Gifted Migrants from China 129From External to Internal Relations: Investor Profiles 131The Domestic Property Investor and Tax-Subsidised Rental Assets 134From Financial Policy to Cooling Measures 137Housing Policy: What Policy? 139Conclusion 141Notes 1445 Vancouver: From Housing Deregulation to Reregulation? 149Vancouver Housing: The Back Story 152Ownership, Assets, Gains 155Spring 2015: An Emerging Counter-Narrative 158The Angus Reid Survey and the Shaking of an Ideology 161Governments and Elections: All Change 164Towards Reregulation? Clipping the Libertarian Wings of the Real Estate Council 166Serious Reregulation? 169Assessment: Reregulation Achieved? 173Conclusion 178Notes 1816 London 2012: The Best of Times, the Worst of Times 184London's House Prices 187The Significance of Prime London 190'The World Capital for Property Investment' 196Opaque Investment and Money Laundering 201Global Property Developers 203The Supply-Demand Imbalance 205Public Policy and the Transformation of Housing Supply 209Austerity: The Metanarrative 213Austerity Vs. Social Housing 215Conclusion 220Notes 223Contents vii7 Conclusion: The Place of Housing 228Intercity Generalisations 229Gateways and Nations 229Housing Booms in Time and Space 230The Globalisation of Residential Markets 232Housing Inequality 235Housing Booms: Market-Based Causes 236The State's Role in Incentivising and Cooling Housing Booms 238Homeownership and an Asset-Based Society 242Placing Urban Housing Theoretically 250Notes 257References 259Index 310

O autorze

David Ley, PhD, is Emeritus Professor of Geography at the University of British Columbia. He is the author of Millionaire Migrants: Trans-Pacific Life Lines and The New Middle Class and the Remaking of the Central City. He has been awarded the Massey Medal of the Royal Canadian Geographical Society and the Distinguished Scholarship Award of the Association of American Geographers.