House Prices and Macroprudential Policies

This paper examines the efficacy of macroprudential policies in addressing housing prices in a developing country while underscoring the importance of fundamental factors. The estimated models using city-level data for India suggest a strong influence of fundamental factors in driving housing prices. There is compelling evidence of the effectiveness of macroprudential tools viz., Loan-to-value (LTV) ratio, risk weights, and provisioning requirements, in influencing housing price movements. A granular analysis suggests an even stronger impact on housing prices of a change in the regulatory LTV ratio for large-sized vis-à-vis small-sized mortgages, which buttresses their potency in fighting house price speculations. A tightening of the risk weights on the housing assets of banks causes significant downward pressure on house prices. Similarly, regulatory changes in standard asset provisioning on housing loans also influence house prices.

Housing wealth inequality in urban China: the transition from welfare allocation to market differentiation

The differentiation of housing assets is an important embodiment of wealth inequality and is also an important dimension of social stratification. The housing distribution in China has experienced a transition from welfare allocation to market distribution over the decades. This process has led to a change in the housing stratification mechanism and widened housing wealth inequality, which has evoked theoretical disputes about “market transition,” “power persistence,” and “power derivation.” Based on the 2017 Chinese Social Survey (CSS), this article examines the housing wealth inequality in urban China and probes the major drivers of housing stratification. The results suggest that with the progress of housing marketization, market mechanisms have replaced the original socialist redistribution mechanisms and have become the major drivers of housing wealth inequality. However, some of the original socialist institutional arrangements continue to have strong effects on housing wealth inequality. The persisting institutional effect may provide a new perspective for exploring housing wealth inequality in contemporary urban China.

Ping-Pong Housing: Women’s Post-Incarceration Trajectories

This study examines the post-incarceration housing experiences of 33 women. Using Residential Timeline Followback methodology, participants were asked to report where they lived at arrest and every location since their release. Follow-up questions asked women to describe these locations, who they lived with, how much they paid, and whether or not they felt safe. Demographic information and criminal justice history were recorded. The data paint a complicated picture of social and community resources, persistence, and struggle. Housing assets lost at incarceration were difficult to recover. Most women bounced between various locations, relying heavily on short-term subsidized congregate housing programs and rarely securing independent housing. Participants described the family, friends, and acquaintances who housed them during reentry as overextended and vulnerable. Implications for policy and practice are explored.

The financialisation of housing and the rise of the investor-activist

The financialisation of housing is seen to undermine tenants’ rights, affordable housing and planning controls in order to make housing and homes more amenable to profit extraction. However, the extent to which owner-occupiers themselves seek to influence urban development and planning processes to protect their housing assets has been less well-considered. Through an online survey of 1122 owner-occupiers in Australia, this article redresses this gap. By identifying the financial values participants attach to their home, and their inclinations to join resident action groups, we reveal that those with the strongest investment values are also most inclined to join resident action groups. Expanding conceptualisations of investors beyond institutional investors, the article reveals the agency of financialised owner-occupiers who, as investor-activists, seek to influence planning processes to secure the profitability of their own housing assets. The article thus reconceptualises resident action as a financial strategy to protect long- and short-term housing investments and, in doing so, charts the urban implications of financialised home ownership and investor subjectivities.

Women’s Tenure Rights and Land Reform in Angola

Current Angolan municipalisation reforms present a unique opportunity to affect local practice on how community and individual land-holder tenure is administered and to protect women's equitable rights to land. Angola is a post-war country, with weak land tenure legislation and limited local government management capacity. Customary traditions are practiced in the various regions a of the country do not respect women’s rights of ownership and inheritance. More than 62 percent of the population live in informal settlements with insecure land tenure under the threat of forced evictions. Families living in poor communities affected by the expansion of cities and towns are particularly vulnerable. Of these, families lead by women are the most at risk. Securing rights to land and housing assets are important to livelihoods of women headed households by permitting access to financing that they require to grow their enterprises as well as for incrementally upgrading their housing.

Women’s Tenure Rights and Land Reform in Angola

Current Angolan municipalisation reforms present a unique opportunity to affect local practice on how community and individual land-holder tenure is administered and to protect women's equitable rights to land. Angola is a post-war country, with weak land tenure legislation and limited local government management capacity. Customary traditions are practiced in the various regions a of the country do not respect women’s rights of ownership and inheritance. More than 62 percent of the population live in informal settlements with insecure land tenure under the threat of forced evictions. Families living in poor communities affected by the expansion of cities and towns are particularly vulnerable. Of these, families lead by women are the most at risk. Securing rights to land and housing assets are important to livelihoods of women headed households by permitting access to financing that they require to grow their enterprises as well as for incrementally upgrading their housing.

Cain (2019) Women’s Tenure Rights and Land Reform in Angola.pdf

Current Angolan municipalisation reforms present a unique opportunity to affect local practice on how community and individual land-holder tenure is administered and to protect women's equitable rights to land. Angola is a post-war country, with weak land tenure legislation and limited local government management capacity. Customary traditions are practiced in the various regions a of the country do not respect women’s rights of ownership and inheritance. More than 62 percent of the population live in informal settlements with insecure land tenure under the threat of forced evictions. Families living in poor communities affected by the expansion of cities and towns are particularly vulnerable. Of these, families lead by women are the most at risk. Securing rights to land and housing assets are important to livelihoods of women headed households by permitting access to financing that they require to grow their enterprises as well as for incrementally upgrading their housing.