000			02047nam a22001817a 4500
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005			20230627153542.0
008			230523b |||||||| |||| 00| 0 eng d
020			_a9781138092907
245			_aThe Financialization of Housing _bA political economy approach
260			_aOxfordshire, England _bRoutledge _c2017
300			_a168
500			_aKEYTERMS: Housing; Finance; political economy; built environment; geography; planning; human geography
520			_aDue to the financialization of housing in today’s market, housing risks are increasingly becoming financial risks. Financialization refers to the increasing dominance of financial actors, markets, practices, measurements and narratives. It also refers to the resulting structural transformation of economies, firms, states and households. This book asserts the centrality of housing to the contemporary capitalist political economy and places housing at the centre of the financialization debate. A global wall of money is looking for High-Quality Collateral (HQC) investments, and housing is one of the few asset classes considered HQC. This explains why housing is increasingly becoming financialized, but it does not explain its timing, politics and geography. Presenting a diverse range of case studies from the US, the UK, the Netherlands, Germany, Italy and Spain, the chapters in this book include coverage of the role of the state as the driver of financialization processes, and the part played by local and national histories and institutions. This cutting edge volume will pave the way for future research in the area. Where housing used to be something "local" or "national", the two-way coupling of housing to finance has been one crucial element in the recent crisis. It is time to reconsider the financialization of both homeownership and social housing. This book will be of interest to those who study international economics, economic geography and financialization.
650		0	_aHousing _9522
700			_9730 _aManuel B. Aalbers
942			_2ddc _cBK
999			_c750 _d750