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Urban Land Markets
As urbanization progresses at a remarkable pace, policy makers and analysts come to understand and agree on key features that will make this process more efficient and inclusive, leading to gains in the welfare of citizens. Drawing on insights from economic geography and two centuries of experience in developed countries, the World Bank’s World Development Report 2009: Reshaping Economic Geography emphasizes key aspects that are fundamental to ensuring an efficient rural-urban transformation. Critical among these are land, as the most important resource, and well-functioning land markets. Regardless of the stage of urbanization, flexible and forward-looking institu- ons that help the effic...
Marxism and Real Estate Development
This book straddles two worlds and attempts to bring them together: that of Lefebvre's Marxism on the one hand, and that of real estate development on the other. Lefebvre has now become a household name amongst many contemporary Marxists, especially those with an interest in urban planning and certain quarters of the architectural profession, however his work is far less well known by real estate professionals, whether investors, developers, brokers, or, indeed, policymakers. Marxism and Real Estate: Taking Lefebvre Seriously has both a large scope and a very bold aim – to use an explication and analysis of the work of Henri Lefebvre not only to present a critique of development, but, also...
Shanghai
As China's largest city best known for its pre-eminent achievements in the early part of the twentieth century, Shanghai grew modestly in comparison with southern China after the adoption of China's open policy in 1978. With the 1990 announcement of Pudong as an area for special development, Shanghai has raced ahead, seemingly on its way to an economic and cultural resurgence that is likely to accelerate development and modernization in the Yangzi Delta and China at large. This volume focuses on the physical and socioeconomic transformation of Shanghai across a wide range of topics. Drawing on the experience and expertise of researchers primarily in Hong Kong, this study is a major contribution to the subject of economic development and social change in China. It seeks to understand, analyze and interpret how Shanghai has transformed itself in recent years.
Housing and Social Change
The aim of this book is to provide a benchmark statement of key issues on housing and to emphasise the need to embed our understanding of housing issues in an international and multidisciplinary setting.
China's Economic Rise and Its Global Impact
Through a thorough analysis of China's recent history and economic development process, the authors of this book seek to explain the causes of China's economic rise and its impact on the rest of the world.
The Future of Public Housing
Public housing was once an important strand in western housing policies, but is seldom seen as a mainstream policy instrument for the future. In contrast, in many East Asian countries large public housing programs are underway. Behind these generalizations, there are exceptions, too. By including perspectives of scholars from across the world, this book provides new insights into public housing in its various forms. It contains in-depth chapters on public housing in five East Asian countries and six Western countries, together with three comparative overview chapters.
The Endowment Effect and Housing Markets
This book aims to provide a comprehensive analysis of the so-called “endowment effect” in the housing market. In a nutshell, the phenomenon of overvaluing things we own which was first conceptualised in 1980 and has since been one of the most studied behavioural biases in economics. The first chapter presents a systematic review of the literature on the endowment effect in the housing market, together with the identification of research gaps to be filled by other researchers. The second chapter aims to propose a theoretical model explaining the strength of the endowment effect in sales and rental housing markets by primary and secondary markets. The last chapter presents the results of e...
Multi-owned Housing
This internationally edited collection addresses the issues raised by multi-owned residential developments, now established as a major type of housing throughout the world in the form of apartment blocks, row housing, gated developments, and master planned communities. The chapters draw on the empirical research of leading academics in the fields of planning, sociology, law and urban, property, tourism and environmental studies, and consider the practical problems of owning and managing this type of housing. The roles and relationships of power between developers, managing agents and residents are examined, as well as challenges such as environmental sustainability and state regulation of multi-owned residential developments. The book provides the first comparative study of such issues, offering lessons from experiences in the UK, the US, Australia, New Zealand, Israel, Hong Kong, Singapore and China.
Stabilizing China’s Housing Market
The sharp rise of house prices in China’s Tier-1 cities has fostered a great deal of commentary about the possibility of bubbles forming there. However, China’s unique housing market characteristics make it difficult to assess the macroeconomic severity of bursting bubbles, even if they exist. These include the setting of land supply and prices by the government, among many others. The presence of overbuilt “ghost cities” greatly complicates the ability of traditional macroeconomic policies to address these concerns. This paper looks at proposals to shore up the mortgage underwriting and legal infrastructure to help China withstand the impact of falling prices, should this occur.
International Encyclopedia of Housing and Home
Available online via SciVerse ScienceDirect, or in print for a limited time only, The International Encyclopedia of Housing and Home, Seven Volume Set is the first international reference work for housing scholars and professionals, that uses studies in economics and finance, psychology, social policy, sociology, anthropology, geography, architecture, law, and other disciplines to create an international portrait of housing in all its facets: from meanings of home at the microscale, to impacts on macro-economy. This comprehensive work is edited by distinguished housing expert Susan J. Smith, together with Marja Elsinga, Ong Seow Eng, Lorna Fox O'Mahony and Susan Wachter, and a multi-discipli...
