The housing market is one of the important pillars of the contemporary free-market economy. It has also proven to be its achilles heel, as was evident during the market collapse of 2008, which was triggered by the bursting of the real-estate bubble. The modern housing scenario is marked by rampant household indebtedness, rapacious land-grabbing and corrupt real-estate developments. Given the resource intensive nature of the contemporary structures it is not surprising that buildings today contribute around 30 percent of carbon emissions, globally. How do we tackle this mammoth problem that could turn into a socio-economic catastrophe at any time? Ashish Kothari discusses this critical issue with Anitra Nelson and Fracois Schneider, the editors of “Housing for Degrowth: Principles, Models, Challenges and Opportunities”, which looks for feasible alternatives to the current housing mess.
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