Using Path Dependence Theory to Explain Housing Regime Change: The Traps of Super-Homeownership

The goal of this paper is to demonstrate the usefulness of path dependence theory to explain the convergence of housing regimes among post-socialist countries, both at the beginning and in the later phases of housing-regime transformation. We especially seek to show the selected common traps that were recently created by the legacy of giveaway privatisation and the super-homeownership regime, traps that increase intergenerational inequality, which to now has been effectively mitigated by within-family financial transfers.