Author
Name: Martin Lux Organisation: Institute of Sociology AS CR, Czech Republic Position: head of department |
Using Path Dependence Theory to Explain Housing Regime Change: The Traps of Super-Homeownership
The goal of this paper is to demonstrate the usefulness of path dependence theory to explain the convergence of housing regimes among post-socialist countries, both at the beginning and in the later phases of housing-regime transformation. We especially seek to show the selected common traps that were recently created by the legacy of giveaway privatisation and the super-homeownership regime, traps that increase intergenerational inequality, which to now has been effectively mitigated by within-family financial transfers.
Social Housing in the Czech Republic: Change of Trend?
Housing: Asset-Based Welfare or the ‘Engine of Inequality’?
Editorial
Housing Price Volatility and Econometrics
Econometric models have produced contradictory results and have failed to provide warning of housing market crashes. The article should illustrate the inability of econometrics to reliably predict the last house price bubble and detect the disequilibrium in the housing markets. The authors will demonstrate on particular situation that two distinct but well specified econometric models can lead to different outcomes. The authors argue that the demand for housing is influenced by social constructs, social norms, ideologies, unrealistic expectations, symbolic patterns, and the actual choice of housing is the outcome of complex social interactions with reference groups. Consequently, it is necessary to analyse the potential instability of social constructs, norms, expectations and the changing character of social interactions to better understand purchasing behaviour and, then, house price volatility.
