The book presents a new theoretical and methodological approach to analysing the housing market in the form of the concept of pragmatic socioeconomics, which combines the perspectives of economics and sociology. Adopting this perspective, the book demonstrates that the behaviour of market participants — ordinary buyers, small, local, lay residential investors, and young people entering the market — is influenced not only by economic incentives, but also by social norms, family relationships, and intergenerational expectations. These factors have a fundamental influence on the dynamics of demand, price volatility and the long-term reproduction of social inequalities. Special attention is paid to intergenerational transfers of resources as a key mechanism influencing housing affordability, the reproduction of social inequalities, the life aspirations of young people, and attitudes toward the role of the state in housing. This publication deepens our understanding of the current housing affordability crisis and provides valuable insights for future research and housing policy development.