Subprime Cities: The Political Economy of Mortgage Markets (IJURR Studies in Urban and Social Change Book Series)

Subprime Cities: The Political Economy of Mortgage Markets presents a collection of works from social scientists that offer insights into mortgage markets and the causes, effects, and aftermath of the recent 'subprime' mortgage crisis. Provides an even-handed and detailed analysis of mortgage markets and the recent housing crisis Content: Chapter 1 Creating Liquidity Out of Spatial Fixity (pages 23–52): Kevin Fox Gotham Chapter 2 Finance and the State in the Housing Bubble (pages 53–73): Herman Schwartz Chapter 3 Expanding the Terrain for Global Capital (pages 74–96): Saskia Sassen Chapter 4 Building New Markets (pages 97–119): Thomas Wainwright Chapter 5 European Mortgage Markets Before and After the Financial Crisis (pages 120–150): Manuel B. Aalbers Chapter 6 The Reinvention of Banking and the Subprime Crisis (pages 151–184): Gary A. Dymski Chapter 7 Redlining Revisited (pages 185–218): Jesus Hernandez Chapter 8 The New Economy and the City (pages 219–241): Kathe Newman Chapter 9 Race, Class, and Rent in America's Subprime Cities (pages 242–289): Elvin Wyly, Markus Moos and Daniel J. Hammel Chapter 10 Subprime Crisis and Urban Problematic (pages 291–314): Gary A. Dymski La 4ème de couverture indique : «The study of mortgage markets has traditionally been the domain of economists. During historic times of turmoil and change, however, social scientists of various stripes are often called upon to shape our understanding of ways mortgage markets function. We are presently experiencing an episode of severe turmoil and change. How did we get here ? Subprime Cities : The Political Economy of Mortgage Markets presents a collection of works from social scientists that offer important insights into what is happening in today's mortgage market including the causes, effects, and aftermath of the "subprime" mortgage crisis. In addition to shedding light on how the current housing crisis has spread to other sectors of the economy, readings address the mortgage market itself and how problems have spread throughout mortgage and housing markets. Various chapters address changes that have resulted in the subprime mortgage crisis ; others focus on the structural changes in the mortgage market, rather than on the crisis itself. Documentation of the geographical, social, and institutional inequalities associated with the crisis reveals how the recent mortgage boom created "subprime cities", and how the victims of the crisis are the product of deep structural inequalities.This book is a provocative wake-up call for us to reconsider the structures of housing finance and housing policy if we are to avoid another crisis.» __Subprime Cities: The Political Economy of Mortgage Markets__ presents a collection of works from social scientists that offer insights into mortgage markets and the causes, effects, and aftermath of the recent 'subprime' mortgage crisis. * Provides an even-handed and detailed analysis of mortgage markets and the recent housing crisis Content: Chapter 1 Creating Liquidity Out of Spatial Fixity (pages 23–52): Kevin Fox GothamChapter 2 Finance and the State in the Housing Bubble (pages 53–73): Herman SchwartzChapter 3 Expanding the Terrain for Global Capital (pages 74–96): Saskia SassenChapter 4 Building New Markets (pages 97–119): Thomas WainwrightChapter 5 European Mortgage Markets Before and After the Financial Crisis (pages 120–150): Manuel B. AalbersChapter 6 The Reinvention of Banking and the Subprime Crisis (pages 151–184): Gary A. DymskiChapter 7 Redlining Revisited (pages 185–218): Jesus HernandezChapter 8 The New Economy and the City (pages 219–241): Kathe NewmanChapter 9 Race, Class, and Rent in America's Subprime Cities (pages 242–289): Elvin Wyly, Markus Moos and Daniel J. HammelChapter 10 Subprime Crisis and Urban Problematic (pages 291–314): Gary A. Dymski Subprime Cities: The Political Economy of Mortgage Markets presents a collection of works from social scientists that offer insights into mortgage markets and the causes, effects, and aftermath of the recent 'subprime' mortgage crisis. Provides an even-handed and detailed analysis of mortgage markets and the recent housing crisis Features contributions from various social scientists with expertise in critical social theories who have assembled and analyzed detailed empirical information Offers a unique and powerful rebuttal to many of the misleading popular explanations of the crisis and its aftermath Reveals how racial minorities and the neighbourhoods inhabited by them are more likely to be targeted by subprime and predatory lenders "Subprime Cities: The Political Economy of Mortgage Markets presents a collection of works from social scientists that offer important insights into what is happening in today's mortgage market including the causes, effects, and aftermath of the 'subprime' mortgage crisis"-- Provided by publisher