IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-137-02689-7_3.html
   My bibliography  Save this book chapter

Three Chronologies and the Genesis of the 2007–2010 Crisis

In: Genesis of the Financial Crisis

Author

Listed:
  • Roderick Macdonald

    (Université du Québec à Montréal)

Abstract

The real price of housing decreased 15 per cent in the United States over the years following the end of the Second World War to the end of the sixties (see Baker, 2007). Increased access to housing was part of the tremendous spurt of prosperity experienced in the United States at that time, a spurt that made the idealism and ‘rejection of materialist values’ of the countercultural movement possible. Part of this prosperity was homeownership, because independence of any landlord was seen as freedom from subservience. Financially, this meant the virtual elimination of the cost of shelter once a home was paid for — homeownership is almost always preferable to renting from the financial viewpoint, although there have been occasions isolated in time and location in which renting is cheaper than ownership.

Suggested Citation

  • Roderick Macdonald, 2012. "Three Chronologies and the Genesis of the 2007–2010 Crisis," Palgrave Macmillan Books, in: Genesis of the Financial Crisis, chapter 3, pages 69-94, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-02689-7_3
    DOI: 10.1057/9781137026897_3
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-137-02689-7_3. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.