Category archives for Housing

The ongoing American housing crisis

David Coates

The US housing crisis may have slipped down the political agenda but it hasn’t gone away – and young people are being hardest hit There was a time, not very long ago, when housing was high on the political agenda on both sides of the Atlantic; and understandably so, given the role its financing played in the run-up to the … Continue reading

29 March 2016 by
Categories: Housing, SPERI Comment, USA | Tags: , , , , , | Leave a comment

Reconstituting the post-crisis real estate-finance link in Ireland, Spain & the US

The mortgage-led crisis has led to the financialization of rental housing – and new social struggles The global financial crisis had dramatic consequences for urban space and life in the US and the worst-affected European economies, Ireland and Spain: a tide of evictions and dispossession of homeowners, swathes of vacant property and stalled development, and rising homelessness. The scope and … Continue reading

1 March 2016 by
Categories: Austerity, Housing, SPERI Comment, USA, Welfare | Tags: , , , , , , , , , , , | Leave a comment

This is Britain 80-82: Thatcher and understanding modern politics

A full understanding of Thatcher’s legacy arguably needs more than just 3 years This evening (February 16th) SPERI is delighted to welcome Andy Beckett of The Guardian, for the Sheffield launch of his new book ‘Promised You a Miracle: UK 80-82’.  This event is free of charge and open to all. Book your place here. Kate Dommett, who will introduce … Continue reading

16 February 2016 by
Categories: Housing, Politics and policy, Social science, SPERI Comment | Tags: , , , , , , , | Leave a comment

Citizenship in a financialised society

Craig Berry

The Conservative government’s promotion of financialisation is transforming citizenship in the UK While the New Labour-ish language of ‘financial inclusion’ and ‘asset-based welfare’ has been quietly eschewed, since 2010 the Conservative Party has continued its predecessor’s agenda around promoting more extensive and intensive participation in the financial system, through asset ownership, in order to enable individuals to play an enhanced … Continue reading

28 August 2015 by
Categories: British growth crisis, Economics, Finance, Housing, SPERI Comment | Tags: , , , , , , , , , | Leave a comment

Rethinking Recovery I


Inequality and insecurity in UK households This is the first in a series of ten SPERI Comments on the theme of rethinking recovery.  In this introductory post the authors warn that measurements of, and debates about, economic recovery in the UK have tended to overlook deepening inequality along the lines of class, gender, race, ability, age and sexuality. Whether the … Continue reading

3 June 2015 by
Categories: Economics, Global crisis, Housing, Inequality, Politics and policy, Rethinking Recovery, Social science, SPERI Comment, Tax, Welfare | Tags: , , , , | Leave a comment

Building a different future out of a crisis of housing

Mònica Clua-Losada

The PAH, or ‘Platform of Those Affected by Mortgages’, has stirred a genuine social and political awakening in Spain The Great Recession has been generally devastating for many people in many different contexts.  In Spain, what appeared to start off as a financial crisis quickly spread to other areas of the economy leading (as in Ireland and the United States) … Continue reading

20 May 2015 by
Categories: Economics, Housing, Politics and policy, SPERI Comment | Tags: , , , | Leave a comment

Singaporean lessons?

Matthew Bishop

Singapore is often held up as a model of development, and it does indeed carry some interesting lessons for other countries, both small and large, to consider A question my Caribbean students often ask is: ‘why can’t we be more like Singapore?’  By this, they mean a small country with high levels of development, which is safe, clean, and generates … Continue reading

24 February 2015 by
Categories: Development, Economics, Housing, SPERI Comment | Tags: , | Leave a comment

Big houses, hotels and increasingly expensive gorillas!

Pritish Behuria and Tom Goodfellow

The vision of a service-sector led ‘developmental state’ drives the government of Rwanda, but is proving hard to sustain Amid stories of ‘Africa Rising’, the idea of the developmental state is receiving attention again.  The concept was coined by Chalmers Johnson in his study of Japanese industrial policy.  It was later applied to a range of East Asian countries, each … Continue reading

11 December 2014 by
Categories: Development, Economics, Employment, Global South, Housing, Inequality, SPERI Comment, Sustainability | Tags: , , , , | Leave a comment

‘Troubled Families’ or ‘Troubled Bankers’?

Daniela and Johnna

There is no end to welfare in sight; yet welfare is no longer for the poor As we all know, the 2008 financial crisis exposed major flaws in contemporary financial markets; the continued public-policy response is an unprecedented commitment to open-ended corporate welfare to the financial services sector and, in particular, banks.  In the UK at last count, the ‘direct … Continue reading

3 December 2014 by
Categories: Economics, Finance, Housing, Human rights, Political theory, Politics and policy, Social science, SPERI Comment, Tax, Welfare | Leave a comment

What happened to British decline?

Wyn Grant

The discourse may have changed, but the problems remain There was once a whole academic cottage industry devoted to British relative decline.  Indeed, there was a sufficiently large literature to allow me to teach a course on the general issue of decline.   Andrew Gamble published four editions of a book entitled Britain in Decline.  However, the term has now largely … Continue reading

16 October 2014 by
Categories: British growth crisis, Economics, Employment, Housing, SPERI Comment | Tags: , , | Leave a comment

The state of the regions

Scott Lavery

The link that previously connected finance-led growth at the core and public sector employment at the periphery of the British political economy is unravelling The British economy appears to have returned to the debt-led growth model which was in place before the crisis.  Asset-price inflation continues, with property prices rising in London by 18% in the past year.  Relatedly, household … Continue reading

9 October 2014 by
Categories: British growth crisis, Economics, Finance, Housing, SPERI Comment | Tags: , | 1 comment

The asset-based welfare paradox: twist or split?

Colin Hay

Continuing to rely on asset-price appreciation to provide for our futures is a dangerous gamble Any way one looks at it, the long-term growth prospects of the British economy appear pretty bleak in the absence of some quite seismic shifts in economic thinking and economic policy practice.  Yes, you might protest, growth is back, inflation is low, unemployment is falling … Continue reading

1 July 2014 by
Categories: Economics, Housing, SPERI Comment | Leave a comment

Blowing bubbles

A booming property market is transforming life in New York City and reviving a price bubble that threatens future stability I have been coming to New York City regularly since 1990. The city has changed a lot in that time. For most of these years my major task has been research on Wall Street. I’ve met a lot of interesting … Continue reading

6 March 2014 by
Categories: Housing, SPERI Comment, USA | Leave a comment