Source: p 123 of 296, Understanding Housing Policy, by Brian Lund

Although housing immobility limits the impact of globalisation, its influence on financial and labour markets magnifies regional and local variations in economic conditions within countries through internal and international migration. This may have prompted a more ‘selective’ response from national governments. Globalisation also magnifies ‘risk’ and prompts governments to deflect this ‘risk’ onto homeowners in the context of greater volatility in the housing market.

Please explain the bold, which suggests that governments want greater volatility.


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