Introduction
Introduction
A Painful Question
This book examines Russia's attempts to transition from a socialist vision of housing to a market-based and mortgage-dependent model of home ownership based on the U.S. housing regime. Market transition brought a fresh promise of quality housing for anyone willing to work hard. Yet nearly two decades after the collapse of communism, many Russians' housing conditions were anything but normal. This book analyzes the causes and consequences of housing market failure in Russia, and especially why housing has remained a “painful question.” It highlights three themes that encapsulate the housing problem in contemporary Russia: normalcy, ownership, and justice. Studying housing in Russia yields important insights into market transition in the country, how market reform affects Russian families, and the American housing regime. Part I of the book explores how Russia's housing regime developed into a system of property without markets, while Part II discusses the effects of housing market failure.
Keywords: housing, home ownership, market failure, Russia, market transition, market reform, property without markets
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