The political consequences of housing (un)affordability

The enormous growth in house prices in Europe since the 1990s has led to increasing concerns about the affordability of housing for ordinary citizens. This paper explores the relationship between housing affordability - house prices relative to incomes - and the demand for redistributive and housing...

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Main Authors: Cansunar, A, Ansell, B
Format: Journal article
Language:English
Published: SAGE Publications 2021
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author Cansunar, A
Ansell, B
author_facet Cansunar, A
Ansell, B
author_sort Cansunar, A
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description The enormous growth in house prices in Europe since the 1990s has led to increasing concerns about the affordability of housing for ordinary citizens. This paper explores the relationship between housing affordability - house prices relative to incomes - and the demand for redistributive and housing policy, using data drawn from European and British social surveys and an analysis of British elections. It shows that, as unaffordability rises, citizens appear in aggregate to become less supportive of redistribution, interventionist housing policy, and left-wing parties. However, this aggregate rise, driven by the predominance of homeowners in most European countries, masks a growing polarization in preferences between renters and owners in less affordable regions.
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spelling oxford-uuid:66979c2e-b29e-4b03-83ad-e3dd5af6ba1c2022-03-26T18:32:57ZThe political consequences of housing (un)affordabilityJournal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:66979c2e-b29e-4b03-83ad-e3dd5af6ba1cEnglishSymplectic ElementsSAGE Publications2021Cansunar, AAnsell, BThe enormous growth in house prices in Europe since the 1990s has led to increasing concerns about the affordability of housing for ordinary citizens. This paper explores the relationship between housing affordability - house prices relative to incomes - and the demand for redistributive and housing policy, using data drawn from European and British social surveys and an analysis of British elections. It shows that, as unaffordability rises, citizens appear in aggregate to become less supportive of redistribution, interventionist housing policy, and left-wing parties. However, this aggregate rise, driven by the predominance of homeowners in most European countries, masks a growing polarization in preferences between renters and owners in less affordable regions.
spellingShingle Cansunar, A
Ansell, B
The political consequences of housing (un)affordability
title The political consequences of housing (un)affordability
title_full The political consequences of housing (un)affordability
title_fullStr The political consequences of housing (un)affordability
title_full_unstemmed The political consequences of housing (un)affordability
title_short The political consequences of housing (un)affordability
title_sort political consequences of housing un affordability
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AT ansellb thepoliticalconsequencesofhousingunaffordability
AT cansunara politicalconsequencesofhousingunaffordability
AT ansellb politicalconsequencesofhousingunaffordability