This book investigates the structural causes of global housing market volatility, specifically examining the interplay between owner occupation, government regulation, and credit availability. Peter King, a scholar in housing studies, utilizes historical economic data and policy analysis to argue that housing bubbles are not merely market accidents but are often exacerbated by specific regulatory frameworks and credit expansion policies. The text provides a critical evaluation of how government intervention influences market stability and proposes mechanisms to mitigate future boom-and-bust cycles.

Experts in the field of housing economics frequently cite this work for its clear articulation of the systemic failures inherent in modern housing markets. Readers note that the prose is accessible to those interested in policy, providing a structured argument that bridges the gap between academic theory and practical market analysis.