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Is government really solving the housing problem?

Author

Listed:
  • Toby C. Monsod

    (School of Economics, University of the Philippines)

Abstract

Informal housing arrangements, substandard structures, congestion, and land-use conflicts characterize the urban housing problem in the Philippines. The record suggests that the response of the state, especially its reliance on below- market-priced mortgage loans, has aggravated the situation. If the housing problem is to be solved, government needs to rethink its role in housing finance, delink housing social assistance from finance markets, and turn its attention to fundamental supply side and urban governance issues.

Suggested Citation

  • Toby C. Monsod, 2011. "Is government really solving the housing problem?," Philippine Review of Economics, University of the Philippines School of Economics and Philippine Economic Society, vol. 48(1), pages 125-146, June.
    • Handle: RePEc:phs:prejrn:v:48:y:2011:i:1:p:125-146
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    File URL: http://pre.econ.upd.edu.ph/index.php/pre/article/view/662/768
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    References listed on IDEAS

    as
    1. Ballesteros, Marife M., 2000. "Land Use Planning in Metro Manila and the Urban Fringe: Implications on the Land and Real Estate Market," Discussion Papers DP 2000-20, Philippine Institute for Development Studies.
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    Cited by:

    1. Francis E Warnock & Veronica Cacdac Warnock, 2012. "Developing Housing Finance Systems," RBA Annual Conference Volume (Discontinued), in: Alexandra Heath & Frank Packer & Callan Windsor (ed.),Property Markets and Financial Stability, Reserve Bank of Australia.

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    More about this item

    Keywords

    housing; housing problem;

    JEL classification:

    • R38 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Government Policy
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General

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