Abstract
This paper aims to discuss current attempts to understand the housing crisis, in particular what are categorized as managerial and reformist approaches, and to examine the prescriptions for solution that such approaches produce. These concerns are illustrated by a description of the institutional allocation of credit for house purchase in a particular town. This description attempts to link the nature of the housing crisis to the structure of the housing market. It is suggested that neither the managerial nor the reformist approach to housing questions is sufficient to explain the nature of the housing market, and that any possible solution to the housing question lies outside the realms of ‘housing’ itself.

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