Tag Archives for mortgage

Mortgage debt and wages: A comparison of Britain and Denmark

James Wood

Different approaches to mortgage debt may impact wages, how homeowners engage with employers and welfare services, and economic growth One of the primary motivations for homeownership in advanced economies is securing the home as a financial asset. Whilst this is widely recognised, the impact of mortgage debt on aggregate wages is not. This post looks at how taking on mortgage … Continue reading

14 June 2016 by
Categories: British growth crisis, Debt, Economics, SPERI Comment | Tags: , , , | Leave a comment

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

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