Houses in the days of crisis: a contemporary story

Author/s Giuseppe Scidà
Publishing Year 2010 Issue 2010/91 Language Italian
Pages 15 P. 113-127 File size 592 KB
DOI 10.3280/SUR2010-091007
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The essay starts by analyzing the free-trade turning point of the Western capitalism in the ‘80s, followed today by a new evolving trend, due to the weighty financial crisis set off in the USA and spread all over the world. The paper focuses bankers’ and borrowers’ behaviours before the blast of the real estate bubble, weighing the causes concerning granting/raising of credit to buy a house, that’s to say some traditionally sound and reliable goods. Nevertheless, the irrational euphoria regarding the market trends drove the bankers to a self-deception whereas the borrowers were inclined to be deceived, as they considered a house as a real answer to their dreamprimary need.

Keywords: Financial crisis, real estate bubble, house, bankers, borrowers

Giuseppe Scidà, Case nella crisi: una storia contemporanea in "SOCIOLOGIA URBANA E RURALE" 91/2010, pp 113-127, DOI: 10.3280/SUR2010-091007