*UA sociologist Jane Zavisca says the two countries are polar opposites when it comes to mortgage financing.*
When the Soviet Union disintegrated in 1991, one of the structural problems the new government and free-market economy had to deal with was housing. Most Russians lived in government-owned apartments that had been built beginning in the late 1950s. The question then became, who owned all of that Soviet-era housing?
In her new book, “Housing the New Russia,” due to be published by Cornell University Press, Jane Zavisca said the new Russian government dealt with it by announcing that this huge stock of apartments was, as of 1992, privately owned. (more…)