Aalbers Subprime Cities

The Political Economy of Mortgage Markets
1. Auflage 2012
ISBN: 978-1-4443-4743-2
Verlag: John Wiley & Sons
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 360 Seiten, E-Book

Reihe: Studies in Urban and Social Change

Subprime Cities: The Political Economy of Mortgage Marketspresents a collection of works from social scientists that offerinsights into mortgage markets and the causes, effects, andaftermath of the recent 'subprime' mortgage crisis.
* Provides an even-handed and detailed analysis of mortgagemarkets and the recent housing crisis
* Features contributions from various social scientists withexpertise in critical social theories who have assembled andanalyzed detailed empirical information
* Offers a unique and powerful rebuttal to many of themisleading popular explanations of the crisis and itsaftermath
* Reveals how racial minorities and the neighbourhoods inhabitedby them are more likely to be targeted by subprime and predatorylenders

Autoren/Hrsg.

Aalbers, Manuel B.

Inhaltsverzeichnis

List of Figures vii
List of Tables viii
Notes on Contributors ix
Foreword: The Urban Roots of the Financial Crisisxiii
David Harvey
Series Editors' Preface xx
Acknowledgments xxi
Part I Introduction 1
Subprime Cities and the Twin Crises 3
Manuel B. Aalbers
Part II The Political Economy of the Mortgage Market23
1 Creating Liquidity Out of Spatial Fixity: The SecondaryCircuit of Capital and the Restructuring of the US Housing FinanceSystem 25
Kevin Fox Gotham
2 Finance and the State in the Housing Bubble 53
Herman Schwartz
3 Expanding the Terrain for Global Capital: When Local HousingBecomes an Electronic Instrument 74
Saskia Sassen
4 Building New Markets: Transferring Securitization,Bond-Rating, and a Crisis from the US to the UK 97
Thomas Wainwright
5 European Mortgage Markets Before and After the FinancialCrisis 120
Manuel B. Aalbers
6 The Reinvention of Banking and the Subprime Crisis: On theOrigins of Subprime Loans, and How Economists Missed the Crisis151
Gary A. Dymski
Part III Cities, Race, and the Subprime Crisis 185
7 Redlining Revisited: Mortgage Lending Patterns in Sacramento1930-2004 187
Jesus Hernandez
8 The New Economy and the City: Foreclosures in Essex County NewJersey 219
Kathe Newman
9 Race, Class, and Rent in America's Subprime Cities242
Elvin Wyly, Markus Moos, and Daniel J. Hammel
Part IV Conclusion 291
10 Subprime Crisis and Urban Problematic 293
Gary A. Dymski
Glossary 315
Index 324

Über Autor(innen)

Manuel B. Aalbers is Associate Professor in theDepartment of Geography at the University of Leuven,Belgium. He is the author of Place, Exclusion and MortgageMarkets (2011) and associate editor of the Encyclopedia ofUrban Studies (2010).