By Ray Forrest, James Lee
This wide-ranging exploration of the major modern relationships among social switch and housing is either policy-oriented and theoretical, drawing on a bunch of internationally-respected teachers. it's also multidisciplinary, incorporating sociology, economics, social coverage and human geography standpoint. Its overseas viewpoint is rooted in its exam of concerns corresponding to financial lack of confidence and instability, social range, monetary and social exclusion, sustainability, privatisation and country legitimacy, the interplay of the worldwide and the neighborhood throughout 3 continents.
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Additional resources for Housing and Social Change: EastWest Perspectives (Housing and Society Series)
And McGrew, A. (2000) The Global Transformation Reader, Cambridge: Polity Press. Hewison, K. (2001) ‘Thailand: Class Matters’. Paper presented to conference ‘On the Roots of Growth and Crisis. Capitalism, State and Society in East Asia’, Cortona, Italy, March. Holliday, I. (2000) ‘Productivist Welfare Capitalism: Social Policy in East Asia’, Political Studies, 48: 706–23. Joint Center for Housing Studies at Harvard University (2002) The State of the Nation’s Housing, Harvard. Knowles, J. (2000) ‘A Look at Poverty in the Developing Countries of Asia’, Asia-Pacific Population and Policy, No.
When property values tumbled the shock waves ripped through the entire economy with various well publicized bankruptcies. Where property values had risen most steeply, they declined most rapidly and sharply – in Tokyo and the other main metropolitan areas. Some property values fell by as much as 60 per cent and it was estimated that some 280,000 condominium owners were in negative equity in the Tokyo metropolitan area in January 2000 (Forrest et al. 2002). Despite various reflationary and rescue measures by the Japanese government and the Housing Loan Corporation, the housing market and the general economy has remained stubbornly depressed.
It hit the lowest point in 1999 and then rose slightly in response to an apparent improving general economic environment. However, continual news of economic decline in the US and the fallout of the technology sector hit house prices in both 2000 and 2001. The number of private sector written permissions and newly-built dwellings fell by 73 per cent and 77 per cent respectively in 1997 and 1998 and the figures showed little improvement in 1999. Compared with countries such as Thailand, however, Singapore did not suffer from excessive housing supply as the occupancy rate of private residential property remained very stable after the Asian financial crisis.