Tackling Housing Market Volatility in the UK. Part II: Protecting Households From the Consequences of Volatility
The UK housing market has exhibited persistent price volatility over the past 40�years, which has had deleterious social and economic consequences. These are felt most acutely by home-owners with mortgages. A goal of the Housing Market Taskforce was to find ways to create a socially sustainable housing market. Key aspects of this would be a better protection for home-owners and suitable alternatives for people who cannot safely access ownership. This article examines ways in which home-owners could be better protected from the consequences of volatility, through a mixture of prudential lending, responsible borrowing and an improved safety net. It also examines whether the private rented sector is capable of providing a safe alternative to full or partial ownership, and concludes that this is unlikely. Consequently, the role of the social rented sector remains crucial for providing security for those people who cannot access full or shared ownership safely.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 12 (2012)
Issue (Month): 4 (December)
|Contact details of provider:|| Web page: http://www.tandfonline.com/REUJ20|
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/REUJ20|
When requesting a correction, please mention this item's handle: RePEc:taf:intjhp:v:12:y:2012:i:4:p:489-499. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.