Asset-Based Welfare – The Housing HUB

6342983 asset-based welfare 1 apa 50 date 1 1 title 938 https://www.thehousinghub.ca/wp-content/plugins/zotpress/

%7B%22status%22%3A%22success%22%2C%22updateneeded%22%3Afalse%2C%22instance%22%3Afalse%2C%22meta%22%3A%7B%22request_last%22%3A0%2C%22request_next%22%3A0%2C%22used_cache%22%3Atrue%7D%2C%22data%22%3A%5B%7B%22key%22%3A%22ILJ6SKNE%22%2C%22library%22%3A%7B%22id%22%3A6342983%7D%2C%22meta%22%3A%7B%22creatorSummary%22%3A%22Byrne%20and%20Norris%22%2C%22parsedDate%22%3A%222019-02-24%22%2C%22numChildren%22%3A1%7D%2C%22bib%22%3A%22%26lt%3Bdiv%20class%3D%26quot%3Bcsl-bib-body%26quot%3B%20style%3D%26quot%3Bline-height%3A%202%3B%20padding-left%3A%201em%3B%20text-indent%3A-1em%3B%26quot%3B%26gt%3B%5Cn%20%26lt%3Bdiv%20class%3D%26quot%3Bcsl-entry%26quot%3B%26gt%3BByrne%2C%20M.%2C%20%26amp%3B%20Norris%2C%20M.%20%282019%29.%20%26lt%3Ba%20class%3D%26%23039%3Bzp-ItemURL%26%23039%3B%20href%3D%26%23039%3Bhttp%3A%5C%2F%5C%2Fjournals.sagepub.com%5C%2Fdoi%5C%2F10.1177%5C%2F0308518X19832614%26%23039%3B%26gt%3BHousing%20market%20financialization%2C%20neoliberalism%20and%20everyday%20retrenchment%20of%20social%20housing%26lt%3B%5C%2Fa%26gt%3B.%20%26lt%3Bi%26gt%3BEnvironment%20and%20Planning%20A%3A%20Economy%20and%20Space%26lt%3B%5C%2Fi%26gt%3B.%20https%3A%5C%2F%5C%2Fdoi.org%5C%2F10.1177%5C%2F0308518X19832614%26lt%3B%5C%2Fdiv%26gt%3B%5Cn%26lt%3B%5C%2Fdiv%26gt%3B%22%2C%22data%22%3A%7B%22itemType%22%3A%22journalArticle%22%2C%22title%22%3A%22Housing%20market%20financialization%2C%20neoliberalism%20and%20everyday%20retrenchment%20of%20social%20housing%22%2C%22creators%22%3A%5B%7B%22creatorType%22%3A%22author%22%2C%22firstName%22%3A%22Michael%22%2C%22lastName%22%3A%22Byrne%22%7D%2C%7B%22creatorType%22%3A%22author%22%2C%22firstName%22%3A%22Michelle%22%2C%22lastName%22%3A%22Norris%22%7D%5D%2C%22abstractNote%22%3A%22Social%20housing%20policy%20in%20Ireland%20has%20evolved%20over%20several%20decades%20into%20a%20significantly%20marketized%20tenure%20which%20relies%20on%2C%20supports%20and%20expands%20the%20private%20housing%20market.%20In%20this%20paper%20we%20argue%20that%20it%20does%20so%20in%20ways%20that%20contribute%20to%20the%20financialization%20of%20housing%20by%20embedding%20housing%20in%20volatile%20financial%20market%20cycles.%20Although%20the%20majority%20of%20the%20literature%20on%20financialization%2C%20both%20in%20Ireland%20and%20internationally%2C%20has%20tended%20to%20focus%20on%20home%20ownership%20and%20mortgage%20markets%2C%20we%20argue%20that%20the%20retrenchment%20of%20social%20housing%20and%20the%20shift%20towards%20subsidized%20private%20rental%20accommodation%20have%20been%20key%20features%20of%20the%20process%20of%20financialization%20and%20of%20Ireland%5Cu2019s%20experience%20of%20boom%20and%20bust.%20The%20neoliberal%20turn%20in%20social%20housing%20policy%2C%20however%2C%20did%20not%20take%20shape%20in%20the%20form%20of%20either%20a%20coherent%20ideological%20project%20or%20a%20coherent%20suite%20of%20policy%20measures%2C%20but%20rather%20through%20the%20kind%20of%20piecemeal%2C%20ad%20hoc%20and%20typically%20%5Cu2018pragmatic%5Cu2019%20processes%20identified%20by%20Kitchin%20et%20al.%20It%20is%20by%20examining%20the%20unfolding%20of%20these%20ad%20hoc%20processes%20that%20we%20identify%20both%20the%20neoliberalization%20of%20social%20housing%20policy%20and%20the%20interfaces%20between%20this%20process%20and%20that%20of%20financialization%2C%20particularly%20by%20highlighting%20how%20the%20former%20has%20enabled%20and%20facilitated%20the%20latter.%22%2C%22date%22%3A%222019-02-24%22%2C%22language%22%3A%22en%22%2C%22DOI%22%3A%2210.1177%5C%2F0308518X19832614%22%2C%22ISSN%22%3A%220308-518X%2C%201472-3409%22%2C%22url%22%3A%22http%3A%5C%2F%5C%2Fjournals.sagepub.com%5C%2Fdoi%5C%2F10.1177%5C%2F0308518X19832614%22%2C%22collections%22%3A%5B%22ZP8AGDAW%22%2C%22F3F8EX4U%22%5D%2C%22dateModified%22%3A%222020-10-04T13%3A09%3A34Z%22%2C%22tags%22%3A%5B%7B%22tag%22%3A%22Europe%22%7D%2C%7B%22tag%22%3A%22Ireland%22%7D%2C%7B%22tag%22%3A%22asset-based%20welfare%22%7D%2C%7B%22tag%22%3A%22financialization%22%7D%2C%7B%22tag%22%3A%22housing%22%7D%2C%7B%22tag%22%3A%22neoliberal%22%7D%2C%7B%22tag%22%3A%22neoliberalism%22%7D%2C%7B%22tag%22%3A%22social%20housing%22%7D%2C%7B%22tag%22%3A%22subsidized%20private%20rental%22%7D%5D%7D%7D%2C%7B%22key%22%3A%22WI55F4WU%22%2C%22library%22%3A%7B%22id%22%3A6342983%7D%2C%22meta%22%3A%7B%22creatorSummary%22%3A%22Ronald%20and%20Kadi%22%2C%22parsedDate%22%3A%222018-11-02%22%2C%22numChildren%22%3A1%7D%2C%22bib%22%3A%22%26lt%3Bdiv%20class%3D%26quot%3Bcsl-bib-body%26quot%3B%20style%3D%26quot%3Bline-height%3A%202%3B%20padding-left%3A%201em%3B%20text-indent%3A-1em%3B%26quot%3B%26gt%3B%5Cn%20%26lt%3Bdiv%20class%3D%26quot%3Bcsl-entry%26quot%3B%26gt%3BRonald%2C%20R.%2C%20%26amp%3B%20Kadi%2C%20J.%20%282018%29.%20%26lt%3Ba%20class%3D%26%23039%3Bzp-ItemURL%26%23039%3B%20href%3D%26%23039%3Bhttps%3A%5C%2F%5C%2Fwww.tandfonline.com%5C%2Fdoi%5C%2Ffull%5C%2F10.1080%5C%2F13563467.2017.1401055%26%23039%3B%26gt%3BThe%20Revival%20of%20Private%20Landlords%20in%20Britain%26%23039%3Bs%20Post-Homeownership%20Society%26lt%3B%5C%2Fa%26gt%3B.%20%26lt%3Bi%26gt%3BNew%20Political%20Economy%26lt%3B%5C%2Fi%26gt%3B%2C%20%26lt%3Bi%26gt%3B23%26lt%3B%5C%2Fi%26gt%3B%286%29%2C%20786%5Cu2013803.%20https%3A%5C%2F%5C%2Fdoi.org%5C%2F10.1080%5C%2F13563467.2017.1401055%26lt%3B%5C%2Fdiv%26gt%3B%5Cn%26lt%3B%5C%2Fdiv%26gt%3B%22%2C%22data%22%3A%7B%22itemType%22%3A%22journalArticle%22%2C%22title%22%3A%22The%20Revival%20of%20Private%20Landlords%20in%20Britain%27s%20Post-Homeownership%20Society%22%2C%22creators%22%3A%5B%7B%22creatorType%22%3A%22author%22%2C%22firstName%22%3A%22Richard%22%2C%22lastName%22%3A%22Ronald%22%7D%2C%7B%22creatorType%22%3A%22author%22%2C%22firstName%22%3A%22Justin%22%2C%22lastName%22%3A%22Kadi%22%7D%5D%2C%22abstractNote%22%3A%22Homeownership%20has%20been%20declining%20in%20favour%20of%20private%20renting%20in%20most%20developed%20English%20speaking%20countries%20since%20the%20early-2000s.%20Public%20debates%20in%20countries%20like%20Britain%2C%20Australia%20and%20the%20US%20have%20subsequently%20focused%20on%20the%20ostensible%20coming%20of%20age%20of%20%5Cu2018generation%20rent%5Cu2019%2C%20constituted%20of%20younger%20individuals%20excluded%20from%20home%20buying%20and%20traditional%20routes%20to%20housing%20asset%20accumulation.%20While%20the%20focus%20of%20this%20paper%20is%20the%20significance%20of%20access%20to%20housing%20assets%20as%20a%20means%20to%20offset%20potential%20economic%20and%20welfare%20precarity%2C%20our%20concern%20is%20landlords%20rather%20than%20tenants.%20Drawing%20on%20British%20survey%20data%2C%20we%20show%20that%20the%20rental%20boom%20has%20been%20accompanied%20by%20increasing%20multiple%20property%20ownership%20among%20classes%20of%20largely%20middle-aged%20and%20relatively%20affluent%20households.%20Over%20one-million%20small-time%20landlords%20have%20emerged%20in%20the%20last%20decade%20alone%2C%20who%2C%20we%20argue%2C%20are%20part%20product%20of%20historic%20developments%20in%20housing%20markets%20and%20welfare%20states.%20Generations%20of%20British%20have%20not%20only%20been%20orientated%20towards%20their%20homes%20as%20commodity%20assets%2C%20they%20have%20also%20begun%20to%20mobilise%20around%20multi-property%20accumulation%20in%20a%20context%20of%20shifting%20welfare%20and%20pension%20expectations.%22%2C%22date%22%3A%222018-11-02%22%2C%22language%22%3A%22en%22%2C%22DOI%22%3A%2210.1080%5C%2F13563467.2017.1401055%22%2C%22ISSN%22%3A%221356-3467%2C%201469-9923%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Fwww.tandfonline.com%5C%2Fdoi%5C%2Ffull%5C%2F10.1080%5C%2F13563467.2017.1401055%22%2C%22collections%22%3A%5B%22F3F8EX4U%22%5D%2C%22dateModified%22%3A%222020-10-04T14%3A55%3A40Z%22%2C%22tags%22%3A%5B%7B%22tag%22%3A%22England%22%7D%2C%7B%22tag%22%3A%22UK%22%7D%2C%7B%22tag%22%3A%22asset-based%20welfare%22%7D%2C%7B%22tag%22%3A%22landlords%22%7D%2C%7B%22tag%22%3A%22post-homeownership%22%7D%2C%7B%22tag%22%3A%22private%20landlords%22%7D%2C%7B%22tag%22%3A%22property-based%20welfare%22%7D%2C%7B%22tag%22%3A%22welfare%20state%22%7D%5D%7D%7D%2C%7B%22key%22%3A%227F9PWQMX%22%2C%22library%22%3A%7B%22id%22%3A6342983%7D%2C%22meta%22%3A%7B%22creatorSummary%22%3A%22Fischer%22%2C%22parsedDate%22%3A%222018%22%2C%22numChildren%22%3A1%7D%2C%22bib%22%3A%22%26lt%3Bdiv%20class%3D%26quot%3Bcsl-bib-body%26quot%3B%20style%3D%26quot%3Bline-height%3A%202%3B%20padding-left%3A%201em%3B%20text-indent%3A-1em%3B%26quot%3B%26gt%3B%5Cn%20%26lt%3Bdiv%20class%3D%26quot%3Bcsl-entry%26quot%3B%26gt%3BFischer%2C%20A.%20%282018%29.%20%26lt%3Bi%26gt%3B%26lt%3Ba%20class%3D%26%23039%3Bzp-ItemURL%26%23039%3B%20href%3D%26%23039%3Bhttps%3A%5C%2F%5C%2Fdr.library.brocku.ca%5C%2Fbitstream%5C%2Fhandle%5C%2F10464%5C%2F13628%5C%2FBrock_Fischer_Adam_2018.pdf%3Fsequence%3D1%26amp%3BisAllowed%3Dy%26%23039%3B%26gt%3BA%20Domestic%20Geography%20of%20Money%3A%20How%20Mortgage%20Debt%2C%20Home%20Prices%2C%20and%20Toronto%26%23039%3Bs%20Condominiums%20%26quot%3BProp%20up%26quot%3B%20the%20Canadian%20Economy%26lt%3B%5C%2Fa%26gt%3B%26lt%3B%5C%2Fi%26gt%3B%20%5BBrock%20University%5D.%20%26lt%3B%5C%2Fdiv%26gt%3B%5Cn%26lt%3B%5C%2Fdiv%26gt%3B%22%2C%22data%22%3A%7B%22itemType%22%3A%22thesis%22%2C%22title%22%3A%22A%20Domestic%20Geography%20of%20Money%3A%20How%20Mortgage%20Debt%2C%20Home%20Prices%2C%20and%20Toronto%27s%20Condominiums%20%5C%22Prop%20up%5C%22%20the%20Canadian%20Economy%22%2C%22creators%22%3A%5B%7B%22creatorType%22%3A%22author%22%2C%22firstName%22%3A%22Adam%22%2C%22lastName%22%3A%22Fischer%22%7D%5D%2C%22abstractNote%22%3A%22The%20most%20recent%20financialized%20redefinition%20of%20the%20home%20in%20Canada%20has%20arisen%20in%20response%20to%20the%20global%20financial%20crisis%20of%202008.%20The%20global%20financial%20crisis%20negatively%20impacted%20nations%20around%20the%20world%2C%20yet%2C%20in%20Canada%20the%20effects%20were%20lightly%20felt.%20In%20response%20to%20this%20crisis%2C%20Canadian%20banks%20received%20significant%20financial%20support%20from%20the%20government%20through%20the%20Insured%20Mortgage%20Purchase%20Program%20and%20the%20Canada%20Mortgage%20Bond%20program%20totaling%20roughly%20%24137.55%20billion.%20These%20two%20programs%20incentivized%20Canadian%20lenders%20to%20relax%20mortgage%20qualifying%20standards%2C%20to%20generate%20increased%20mortgage%20debt%20which%20could%20then%20be%20packaged%20into%20mortgage%20backed%20securities.%20Through%20discourse%20analysis%20of%20primarily%20government%20reports%2C%20this%20thesis%20contextualizes%20the%20inflation%20of%20house%20prices%20and%20household%20debt%20since%20the%20global%20financial%20crisis%20and%20considers%20how%20an%20%5Cu201cadverse%20economic%20event%5Cu201d%20may%20cause%20a%20downward%20spiral%20of%20unemployment%2C%20mortgage%20default%2C%20and%20a%20steep%20decline%20in%20house%20prices.%20It%20examines%20the%20significance%20of%20Toronto%20and%20its%20condominium%20market%20in%20%5Cu201cpropping%20up%5Cu201d%20the%20economy%20through%20the%20increased%20generation%20of%20mortgage%20debt.%20It%20is%20through%20this%20urban%2C%20geographical%20analysis%20that%20we%20see%20the%20human%20and%20physical%20realization%20of%20Canada%5Cu2019s%20current%20economic%20milieu.%22%2C%22thesisType%22%3A%22%22%2C%22university%22%3A%22Brock%20University%22%2C%22date%22%3A%222018%22%2C%22language%22%3A%22en%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Fdr.library.brocku.ca%5C%2Fbitstream%5C%2Fhandle%5C%2F10464%5C%2F13628%5C%2FBrock_Fischer_Adam_2018.pdf%3Fsequence%3D1%26isAllowed%3Dy%22%2C%22collections%22%3A%5B%22C3WCVASC%22%2C%22ZP8AGDAW%22%2C%22F3F8EX4U%22%5D%2C%22dateModified%22%3A%222020-10-11T13%3A55%3A40Z%22%2C%22tags%22%3A%5B%7B%22tag%22%3A%22Canada%22%7D%2C%7B%22tag%22%3A%22Global%20Financial%20Crisis%22%7D%2C%7B%22tag%22%3A%22MBS%22%7D%2C%7B%22tag%22%3A%22Ontario%22%7D%2C%7B%22tag%22%3A%22Toronto%22%7D%2C%7B%22tag%22%3A%22asset-based%20welfare%22%7D%2C%7B%22tag%22%3A%22condominiums%22%7D%2C%7B%22tag%22%3A%22dissertation%5C%2Fthesis%22%7D%2C%7B%22tag%22%3A%22financialization%22%7D%2C%7B%22tag%22%3A%22mortgage%20debt%22%7D%2C%7B%22tag%22%3A%22mortgage-backed%20securities%22%7D%5D%7D%7D%2C%7B%22key%22%3A%223MJH55TL%22%2C%22library%22%3A%7B%22id%22%3A6342983%7D%2C%22meta%22%3A%7B%22creatorSummary%22%3A%22Ronald%20et%20al.%22%2C%22parsedDate%22%3A%222017-04-20%22%2C%22numChildren%22%3A1%7D%2C%22bib%22%3A%22%26lt%3Bdiv%20class%3D%26quot%3Bcsl-bib-body%26quot%3B%20style%3D%26quot%3Bline-height%3A%202%3B%20padding-left%3A%201em%3B%20text-indent%3A-1em%3B%26quot%3B%26gt%3B%5Cn%20%26lt%3Bdiv%20class%3D%26quot%3Bcsl-entry%26quot%3B%26gt%3BRonald%2C%20R.%2C%20Lennartz%2C%20C.%2C%20%26amp%3B%20Kadi%2C%20J.%20%282017%29.%20%26lt%3Ba%20class%3D%26%23039%3Bzp-ItemURL%26%23039%3B%20href%3D%26%23039%3Bhttp%3A%5C%2F%5C%2Fwww.ingentaconnect.com%5C%2Fcontent%5C%2F10.1332%5C%2F030557316X14786045239560%26%23039%3B%26gt%3BWhat%20ever%20happened%20to%20asset-based%20welfare%3F%20Shifting%20approaches%20to%20housing%20wealth%20and%20welfare%20security%26lt%3B%5C%2Fa%26gt%3B.%20%26lt%3Bi%26gt%3BPolicy%20%26amp%3B%20Politics%26lt%3B%5C%2Fi%26gt%3B%2C%20%26lt%3Bi%26gt%3B45%26lt%3B%5C%2Fi%26gt%3B%282%29%2C%20173%5Cu2013193.%20https%3A%5C%2F%5C%2Fdoi.org%5C%2F10.1332%5C%2F030557316X14786045239560%26lt%3B%5C%2Fdiv%26gt%3B%5Cn%26lt%3B%5C%2Fdiv%26gt%3B%22%2C%22data%22%3A%7B%22itemType%22%3A%22journalArticle%22%2C%22title%22%3A%22What%20ever%20happened%20to%20asset-based%20welfare%3F%20Shifting%20approaches%20to%20housing%20wealth%20and%20welfare%20security%22%2C%22creators%22%3A%5B%7B%22creatorType%22%3A%22author%22%2C%22firstName%22%3A%22Richard%22%2C%22lastName%22%3A%22Ronald%22%7D%2C%7B%22creatorType%22%3A%22author%22%2C%22firstName%22%3A%22Christian%22%2C%22lastName%22%3A%22Lennartz%22%7D%2C%7B%22creatorType%22%3A%22author%22%2C%22firstName%22%3A%22Justin%22%2C%22lastName%22%3A%22Kadi%22%7D%5D%2C%22abstractNote%22%3A%22This%20paper%20contributes%20to%20current%20debates%20by%20reframing%20recent%20transformations%20in%20housing%2C%20policy%20and%20property%20equity%20in%20terms%20of%20a%20transfigured%20asset-based%20welfare%20regime.%20The%20analysis%20thereby%20advances%20earlier%2C%20more%20descriptive%20evaluations%20of%20asset-based%20welfare%20and%20challenges%20suggestions%20that%20its%20relevance%20has%20faded%20since%20the%20global%20financial%20crisis.%20We%20argue%2C%20drawing%20on%20the%20UK%20as%20a%20case%20with%20broad%20international%20salience%2C%20that%20the%20home%20has%20become%20even%20more%20central%20as%20an%20asset%20base%20of%20individual%20welfare%20since%20the%20global%20financial%20crisis%2C%20yet%20under%20distorted%20conditions%20of%20access%20and%20distribution%2C%20with%20housing%20wealth%20polarisation%20undermining%20financial%20inclusion%20and%20welfare%20security%20more%20broadly.%22%2C%22date%22%3A%222017-04-20%22%2C%22language%22%3A%22en%22%2C%22DOI%22%3A%2210.1332%5C%2F030557316X14786045239560%22%2C%22ISSN%22%3A%220305-5736%22%2C%22url%22%3A%22http%3A%5C%2F%5C%2Fwww.ingentaconnect.com%5C%2Fcontent%5C%2F10.1332%5C%2F030557316X14786045239560%22%2C%22collections%22%3A%5B%5D%2C%22dateModified%22%3A%222020-11-06T17%3A25%3A32Z%22%2C%22tags%22%3A%5B%7B%22tag%22%3A%22Generation%20Rent%22%7D%2C%7B%22tag%22%3A%22UK%22%7D%2C%7B%22tag%22%3A%22asset-based%20welfare%22%7D%2C%7B%22tag%22%3A%22home%20ownership%22%7D%2C%7B%22tag%22%3A%22landlords%22%7D%2C%7B%22tag%22%3A%22real%20estate%22%7D%2C%7B%22tag%22%3A%22welfare%20subject%22%7D%5D%7D%7D%2C%7B%22key%22%3A%22U8WKBY9L%22%2C%22library%22%3A%7B%22id%22%3A6342983%7D%2C%22meta%22%3A%7B%22creatorSummary%22%3A%22Lennartz%20and%20Ronald%22%2C%22parsedDate%22%3A%222017-04-03%22%2C%22numChildren%22%3A1%7D%2C%22bib%22%3A%22%26lt%3Bdiv%20class%3D%26quot%3Bcsl-bib-body%26quot%3B%20style%3D%26quot%3Bline-height%3A%202%3B%20padding-left%3A%201em%3B%20text-indent%3A-1em%3B%26quot%3B%26gt%3B%5Cn%20%26lt%3Bdiv%20class%3D%26quot%3Bcsl-entry%26quot%3B%26gt%3BLennartz%2C%20C.%2C%20%26amp%3B%20Ronald%2C%20R.%20%282017%29.%20%26lt%3Ba%20class%3D%26%23039%3Bzp-ItemURL%26%23039%3B%20href%3D%26%23039%3Bhttps%3A%5C%2F%5C%2Fwww.tandfonline.com%5C%2Fdoi%5C%2Ffull%5C%2F10.1080%5C%2F14036096.2016.1220422%26%23039%3B%26gt%3BAsset-based%20Welfare%20and%20Social%20Investment%3A%20Competing%2C%20Compatible%2C%20or%20Complementary%20Social%20Policy%20Strategies%20for%20the%20New%20Welfare%20State%3F%26lt%3B%5C%2Fa%26gt%3B%20%26lt%3Bi%26gt%3BHousing%2C%20Theory%20and%20Society%26lt%3B%5C%2Fi%26gt%3B%2C%20%26lt%3Bi%26gt%3B34%26lt%3B%5C%2Fi%26gt%3B%282%29%2C%20201%5Cu2013220.%20https%3A%5C%2F%5C%2Fdoi.org%5C%2F10.1080%5C%2F14036096.2016.1220422%26lt%3B%5C%2Fdiv%26gt%3B%5Cn%26lt%3B%5C%2Fdiv%26gt%3B%22%2C%22data%22%3A%7B%22itemType%22%3A%22journalArticle%22%2C%22title%22%3A%22Asset-based%20Welfare%20and%20Social%20Investment%3A%20Competing%2C%20Compatible%2C%20or%20Complementary%20Social%20Policy%20Strategies%20for%20the%20New%20Welfare%20State%3F%22%2C%22creators%22%3A%5B%7B%22creatorType%22%3A%22author%22%2C%22firstName%22%3A%22Christian%22%2C%22lastName%22%3A%22Lennartz%22%7D%2C%7B%22creatorType%22%3A%22author%22%2C%22firstName%22%3A%22Richard%22%2C%22lastName%22%3A%22Ronald%22%7D%5D%2C%22abstractNote%22%3A%22More%20recently%2C%20two%20key%20developments%20have%20been%20observed%20in%20the%20comparative%20social%20policy%20literature%3A%20on%20the%20one%20hand%2C%20the%20implementation%20of%20a%20proactive%20%5Cu201csocial%20investment%20strategy%5Cu201d%2C%20either%20alongside%20or%20in%20replacement%20of%20their%20established%20social%20security%20programs%2C%20and%20on%20the%20other%20hand%2C%20a%20concomitant%20shift%20towards%20the%20increased%20macroeconomic%20and%20political%20importance%20of%20private%20property%20assets%20%5Cu2013%20and%20homeownership%20in%20particular%20%5Cu2013%20in%20de%5Cufb01ning%20the%20economic%20well-being%20of%20individuals.%20At%20%5Cufb01rst%20glance%2C%20it%20seems%20that%20we%20are%20dealing%20with%20two%20con%5Cufb02icting%20policy%20paradigms%20here%3B%20after%20all%2C%20social%20investment%20relies%20on%20stable%20or%20even%20expansive%20welfare%20states%2C%20while%20the%20accumulation%20of%20private%20property%20wealth%20as%20a%20welfare%20resource%20seems%20to%20realign%20better%20with%20the%20notion%20of%20welfare%20state%20retrenchment.%20This%20contribution%20aims%20to%20illustrate%20that%20the%20fault%20lines%20between%20the%20two%20policy%20paradigms%20are%2C%20however%2C%20not%20that%20clear-cut.%20Based%20on%20comparative%20national-level%20statistics%20for%20all%20OECD%20member%20states%20in%20the%201995%5Cu20132007%20pre-crisis%20period%20and%20theoretical%20reasoning%20the%20paper%20argues%20that%20the%20two%20approaches%20may%20be%20understood%20as%20compatible%20welfare%20readjustment%20strategies%2C%20which%20have%20opened%20out%20into%20a%20more%20radical%20form%20of%20productive%20welfare%20capitalism%2C%20particularly%20in%20the%20liberal%20and%20social-democratic%20welfare%20states%20in%20North-Western%20Europe.%22%2C%22date%22%3A%222017-04-03%22%2C%22language%22%3A%22en%22%2C%22DOI%22%3A%2210.1080%5C%2F14036096.2016.1220422%22%2C%22ISSN%22%3A%221403-6096%2C%201651-2278%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Fwww.tandfonline.com%5C%2Fdoi%5C%2Ffull%5C%2F10.1080%5C%2F14036096.2016.1220422%22%2C%22collections%22%3A%5B%22WK63SEK5%22%2C%22F3F8EX4U%22%5D%2C%22dateModified%22%3A%222020-02-13T23%3A44%3A15Z%22%2C%22tags%22%3A%5B%7B%22tag%22%3A%22Europe%22%7D%2C%7B%22tag%22%3A%22North-Western%20Europe%22%7D%2C%7B%22tag%22%3A%22asset-based%20welfare%22%7D%2C%7B%22tag%22%3A%22comparative%20social%20policy%22%7D%2C%7B%22tag%22%3A%22homeownership%22%7D%2C%7B%22tag%22%3A%22social%20investment%22%7D%2C%7B%22tag%22%3A%22welfare%20state%20change%22%7D%5D%7D%7D%2C%7B%22key%22%3A%22YKDVAUUS%22%2C%22library%22%3A%7B%22id%22%3A6342983%7D%2C%22meta%22%3A%7B%22creatorSummary%22%3A%22Kalman-Lamb%22%2C%22parsedDate%22%3A%222017%22%2C%22numChildren%22%3A1%7D%2C%22bib%22%3A%22%26lt%3Bdiv%20class%3D%26quot%3Bcsl-bib-body%26quot%3B%20style%3D%26quot%3Bline-height%3A%202%3B%20padding-left%3A%201em%3B%20text-indent%3A-1em%3B%26quot%3B%26gt%3B%5Cn%20%26lt%3Bdiv%20class%3D%26quot%3Bcsl-entry%26quot%3B%26gt%3BKalman-Lamb%2C%20G.%20%282017%29.%20%26lt%3Ba%20class%3D%26%23039%3Bzp-ItemURL%26%23039%3B%20href%3D%26%23039%3Bhttps%3A%5C%2F%5C%2Fdoi.org%5C%2F10.1080%5C%2F07078552.2017.1393911%26%23039%3B%26gt%3BThe%20financialization%20of%20housing%20in%20Canada%3A%20intensifying%20contradictions%20of%20neoliberal%20accumulation%26lt%3B%5C%2Fa%26gt%3B.%20%26lt%3Bi%26gt%3BSTUDIES%20IN%20POLITICAL%20ECONOMY%26lt%3B%5C%2Fi%26gt%3B%2C%20%26lt%3Bi%26gt%3B98%26lt%3B%5C%2Fi%26gt%3B%283%29%2C%20298%5Cu2013323.%20%26lt%3B%5C%2Fdiv%26gt%3B%5Cn%26lt%3B%5C%2Fdiv%26gt%3B%22%2C%22data%22%3A%7B%22itemType%22%3A%22journalArticle%22%2C%22title%22%3A%22The%20financialization%20of%20housing%20in%20Canada%3A%20intensifying%20contradictions%20of%20neoliberal%20accumulation%22%2C%22creators%22%3A%5B%7B%22creatorType%22%3A%22author%22%2C%22firstName%22%3A%22Gideon%22%2C%22lastName%22%3A%22Kalman-Lamb%22%7D%5D%2C%22abstractNote%22%3A%22With%20the%20financialization%20of%20housing%2C%20housing-based%20profits%2C%20assetbased%20welfare%2C%20and%20affordable%20housing%20inherently%20come%20into%20contradiction%20with%20each%20other.%20This%20paper%20examines%20how%2C%20under%20neoliberal%20policy%2C%20from%201996%20to%202010%2C%20the%20financialization%20of%20housing%20drove%20and%20legitimated%2C%20simultaneously%2C%20the%20unequal%20accumulation%20of%20wealth%20in%20Canada.%20It%20then%20demonstrates%20how%2C%20from%202011%20to%202017%2C%20contradictions%20stemming%20from%20the%20financialization%20of%20housing%20intensified%20continually%20as%20the%20Canadian%20state%20failed%20to%20manage%20them.%22%2C%22date%22%3A%222017%22%2C%22language%22%3A%22en%22%2C%22DOI%22%3A%2210.1080%5C%2F07078552.2017.1393911%22%2C%22ISSN%22%3A%22%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Fdoi.org%5C%2F10.1080%5C%2F07078552.2017.1393911%22%2C%22collections%22%3A%5B%22ZP8AGDAW%22%2C%22F3F8EX4U%22%5D%2C%22dateModified%22%3A%222020-10-19T18%3A37%3A39Z%22%2C%22tags%22%3A%5B%7B%22tag%22%3A%22Canada%22%7D%2C%7B%22tag%22%3A%22accumulation%22%7D%2C%7B%22tag%22%3A%22asset-based%20welfare%22%7D%2C%7B%22tag%22%3A%22financialization%22%7D%2C%7B%22tag%22%3A%22housing%22%7D%2C%7B%22tag%22%3A%22housing%20policies%22%7D%2C%7B%22tag%22%3A%22housing%20policy%22%7D%2C%7B%22tag%22%3A%22housing%20policy%20-%20Canada%22%7D%2C%7B%22tag%22%3A%22neoliberal%22%7D%2C%7B%22tag%22%3A%22neoliberalism%22%7D%2C%7B%22tag%22%3A%22policy%22%7D%5D%7D%7D%2C%7B%22key%22%3A%22EQ4JH36W%22%2C%22library%22%3A%7B%22id%22%3A6342983%7D%2C%22meta%22%3A%7B%22creatorSummary%22%3A%22Walks%22%2C%22parsedDate%22%3A%222016-10-02%22%2C%22numChildren%22%3A1%7D%2C%22bib%22%3A%22%26lt%3Bdiv%20class%3D%26quot%3Bcsl-bib-body%26quot%3B%20style%3D%26quot%3Bline-height%3A%202%3B%20padding-left%3A%201em%3B%20text-indent%3A-1em%3B%26quot%3B%26gt%3B%5Cn%20%26lt%3Bdiv%20class%3D%26quot%3Bcsl-entry%26quot%3B%26gt%3BWalks%2C%20A.%20%282016%29.%20%26lt%3Ba%20class%3D%26%23039%3Bzp-ItemURL%26%23039%3B%20href%3D%26%23039%3Bhttps%3A%5C%2F%5C%2Fwww.tandfonline.com%5C%2Fdoi%5C%2Ffull%5C%2F10.1080%5C%2F02673037.2015.1132685%26%23039%3B%26gt%3BHomeownership%2C%20Asset-based%20Welfare%20and%20the%20Neighbourhood%20Segregation%20of%20Wealth%26lt%3B%5C%2Fa%26gt%3B.%20%26lt%3Bi%26gt%3BHousing%20Studies%26lt%3B%5C%2Fi%26gt%3B%2C%20%26lt%3Bi%26gt%3B31%26lt%3B%5C%2Fi%26gt%3B%287%29%2C%20755%5Cu2013784.%20https%3A%5C%2F%5C%2Fdoi.org%5C%2F10.1080%5C%2F02673037.2015.1132685%26lt%3B%5C%2Fdiv%26gt%3B%5Cn%26lt%3B%5C%2Fdiv%26gt%3B%22%2C%22data%22%3A%7B%22itemType%22%3A%22journalArticle%22%2C%22title%22%3A%22Homeownership%2C%20Asset-based%20Welfare%20and%20the%20Neighbourhood%20Segregation%20of%20Wealth%22%2C%22creators%22%3A%5B%7B%22creatorType%22%3A%22author%22%2C%22firstName%22%3A%22Alan%22%2C%22lastName%22%3A%22Walks%22%7D%5D%2C%22abstractNote%22%3A%22The%20asset-based%20welfare%20approach%2C%20which%20has%20foremost%20encouraged%20homeownership%2C%20has%20led%20to%20rising%20homeownership%20rates%2C%20house%20prices%20and%20household%20debt%20levels.%20While%20this%20shift%20has%20helped%20raise%20the%20net%20worth%20of%20some%20among%20the%20middle%20and%20working%20classes%20who%20own%20property%2C%20the%20implications%20for%20the%20spatial%20distribution%20of%20wealth%20in%20cities%20have%20not%20yet%20been%20explored.%20This%20paper%20examines%20the%20spatial%20implications%20of%20the%20rise%20of%20policies%20promoting%20asset-based%20welfare%2C%20by%20examining%20statistically%20how%20variables%20related%20to%20homeownership%20rates%20and%20housing%20prices%20relate%20to%20measures%20of%20urban%20wealth%20segregation%20among%20neighbourhoods.%20Canadian%20cites%20are%20used%20as%20the%20main%20case%20study%20for%20the%20empirical%20analysis.%20The%20findings%20suggest%20that%20while%20homeownership%20in%20general%20has%20an%20equalizing%20effect%2C%20rising%20rates%20of%20homeownership%20%28and%20to%20some%20extent%2C%20rising%20house%20prices%29%20are%20associated%20not%20with%20greater%20spatial%20equalization%20and%20dispersal%20of%20wealth%2C%20but%20instead%20with%20greater%20spatial%20segregation%20and%20concentration%20of%20wealth%20within%20cities.%22%2C%22date%22%3A%222016-10-02%22%2C%22language%22%3A%22en%22%2C%22DOI%22%3A%2210.1080%5C%2F02673037.2015.1132685%22%2C%22ISSN%22%3A%220267-3037%2C%201466-1810%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Fwww.tandfonline.com%5C%2Fdoi%5C%2Ffull%5C%2F10.1080%5C%2F02673037.2015.1132685%22%2C%22collections%22%3A%5B%22WK63SEK5%22%2C%22F3F8EX4U%22%5D%2C%22dateModified%22%3A%222020-10-19T18%3A32%3A52Z%22%2C%22tags%22%3A%5B%7B%22tag%22%3A%22Canada%22%7D%2C%7B%22tag%22%3A%22asset-based%20welfare%22%7D%2C%7B%22tag%22%3A%22homeownership%22%7D%2C%7B%22tag%22%3A%22housing%20markets%22%7D%2C%7B%22tag%22%3A%22housing%20policy%22%7D%2C%7B%22tag%22%3A%22housing%20policy%20-%20Canada%22%7D%2C%7B%22tag%22%3A%22neighbourhoods%22%7D%2C%7B%22tag%22%3A%22residential%20segregation%22%7D%2C%7B%22tag%22%3A%22segregation%22%7D%2C%7B%22tag%22%3A%22state%20tenure%20bias%22%7D%2C%7B%22tag%22%3A%22urban%20inequality%22%7D%2C%7B%22tag%22%3A%22wealth%22%7D%5D%7D%7D%2C%7B%22key%22%3A%22S2IYU4UG%22%2C%22library%22%3A%7B%22id%22%3A6342983%7D%2C%22meta%22%3A%7B%22creatorSummary%22%3A%22Forrest%20and%20Hirayama%22%2C%22parsedDate%22%3A%222015%22%2C%22numChildren%22%3A1%7D%2C%22bib%22%3A%22%26lt%3Bdiv%20class%3D%26quot%3Bcsl-bib-body%26quot%3B%20style%3D%26quot%3Bline-height%3A%202%3B%20padding-left%3A%201em%3B%20text-indent%3A-1em%3B%26quot%3B%26gt%3B%5Cn%20%26lt%3Bdiv%20class%3D%26quot%3Bcsl-entry%26quot%3B%26gt%3BForrest%2C%20R.%2C%20%26amp%3B%20Hirayama%2C%20Y.%20%282015%29.%20%26lt%3Ba%20class%3D%26%23039%3Bzp-ItemURL%26%23039%3B%20href%3D%26%23039%3Bhttp%3A%5C%2F%5C%2Fjournals.sagepub.com%5C%2Fdoi%5C%2F10.1177%5C%2F0042098014528394%26%23039%3B%26gt%3BThe%20financialisation%20of%20the%20social%20project%3A%20Embedded%20liberalism%2C%20neoliberalism%20and%20home%20ownership%26lt%3B%5C%2Fa%26gt%3B.%20%26lt%3Bi%26gt%3BUrban%20Studies%26lt%3B%5C%2Fi%26gt%3B%2C%20%26lt%3Bi%26gt%3B52%26lt%3B%5C%2Fi%26gt%3B%282%29%2C%20233%5Cu2013244.%20https%3A%5C%2F%5C%2Fdoi.org%5C%2F10.1177%5C%2F0042098014528394%26lt%3B%5C%2Fdiv%26gt%3B%5Cn%26lt%3B%5C%2Fdiv%26gt%3B%22%2C%22data%22%3A%7B%22itemType%22%3A%22journalArticle%22%2C%22title%22%3A%22The%20financialisation%20of%20the%20social%20project%3A%20Embedded%20liberalism%2C%20neoliberalism%20and%20home%20ownership%22%2C%22creators%22%3A%5B%7B%22creatorType%22%3A%22author%22%2C%22firstName%22%3A%22Ray%22%2C%22lastName%22%3A%22Forrest%22%7D%2C%7B%22creatorType%22%3A%22author%22%2C%22firstName%22%3A%22Yosuke%22%2C%22lastName%22%3A%22Hirayama%22%7D%5D%2C%22abstractNote%22%3A%22This%20paper%20argues%20that%20the%20relentless%20logic%20of%20commodification%20has%20served%20to%20undermine%20a%20key%20element%20of%20the%20social%20cement%20of%20contemporary%20capitalism%3A%20home%20ownership.%20In%20addressing%20this%20issue%2C%20the%20paper%20explores%20the%20development%20of%20the%20post%20war%20%5Cu2018social%20project%5Cu2019%20of%20home%20ownership%20with%20particular%20reference%20to%20mature%20home%20ownership%20societies%20such%20as%20the%20USA%2C%20Japan%2C%20Britain%20and%20Australia.%20The%20paper%20then%20outlines%20the%20new%20fault%20lines%20and%20fractures%20which%20have%20emerged%20in%20postcrisis%20home%20ownership%20systems%20and%20the%20way%20in%20which%20a%20more%20vigorous%2C%20financialised%20private%20landlordism%20has%20emerged%20from%20the%20debris%20of%20the%20subprime%20meltdown.%20A%20key%20argument%20is%20that%20in%20a%20new%20and%20more%20intensified%20process%20of%20housing%20commodification%2C%20the%20social%20project%20promise%20of%20home%20ownership%20for%20a%20previous%20generation%20has%20shifted%20to%20a%20promise%20of%20private%20landlordism%20for%20current%20generations.%20In%20summary%2C%20the%20social%20project%20of%20Keynesian-embedded%20liberalism%20has%20been%20undermined%20by%20the%20economic%20project%20of%20neoliberalism.%22%2C%22date%22%3A%2202%5C%2F2015%22%2C%22language%22%3A%22en%22%2C%22DOI%22%3A%2210.1177%5C%2F0042098014528394%22%2C%22ISSN%22%3A%220042-0980%2C%201360-063X%22%2C%22url%22%3A%22http%3A%5C%2F%5C%2Fjournals.sagepub.com%5C%2Fdoi%5C%2F10.1177%5C%2F0042098014528394%22%2C%22collections%22%3A%5B%22WK63SEK5%22%2C%22ZP8AGDAW%22%2C%22F3F8EX4U%22%5D%2C%22dateModified%22%3A%222020-10-19T19%3A11%3A47Z%22%2C%22tags%22%3A%5B%7B%22tag%22%3A%22Australasia%22%7D%2C%7B%22tag%22%3A%22Australia%22%7D%2C%7B%22tag%22%3A%22Japan%22%7D%2C%7B%22tag%22%3A%22UK%22%7D%2C%7B%22tag%22%3A%22US%22%7D%2C%7B%22tag%22%3A%22asset-based%20welfare%22%7D%2C%7B%22tag%22%3A%22financialisation%22%7D%2C%7B%22tag%22%3A%22financialization%22%7D%2C%7B%22tag%22%3A%22home%20ownership%22%7D%2C%7B%22tag%22%3A%22homeownership%22%7D%2C%7B%22tag%22%3A%22ideology%20of%20homeownership%22%7D%2C%7B%22tag%22%3A%22international%22%7D%2C%7B%22tag%22%3A%22neoliberal%22%7D%2C%7B%22tag%22%3A%22neoliberalism%22%7D%2C%7B%22tag%22%3A%22private%20landlordism%22%7D%2C%7B%22tag%22%3A%22social%20project%22%7D%2C%7B%22tag%22%3A%22state%20tenure%20bias%22%7D%5D%7D%7D%2C%7B%22key%22%3A%22MGP92ZIB%22%2C%22library%22%3A%7B%22id%22%3A6342983%7D%2C%22meta%22%3A%7B%22creatorSummary%22%3A%22Looker%22%2C%22parsedDate%22%3A%222009%22%2C%22numChildren%22%3A1%7D%2C%22bib%22%3A%22%26lt%3Bdiv%20class%3D%26quot%3Bcsl-bib-body%26quot%3B%20style%3D%26quot%3Bline-height%3A%202%3B%20padding-left%3A%201em%3B%20text-indent%3A-1em%3B%26quot%3B%26gt%3B%5Cn%20%26lt%3Bdiv%20class%3D%26quot%3Bcsl-entry%26quot%3B%26gt%3BLooker%2C%20H.%20%282009%29.%20%26lt%3Bi%26gt%3B%26lt%3Ba%20class%3D%26%23039%3Bzp-ItemURL%26%23039%3B%20href%3D%26%23039%3Bhttp%3A%5C%2F%5C%2Fcprn3.library.carleton.ca%5C%2Fdocuments%5C%2F51977_EN.pdf%26%23039%3B%26gt%3BThe%20Homeownership%20Component%20of%20the%20Canada-Ontario%20Affordable%20Housing%20Program%3A%20Critical%20Analysis%20of%20Program%20Objectives%26lt%3B%5C%2Fa%26gt%3B%26lt%3B%5C%2Fi%26gt%3B.%20Canadian%20Policy%20Research%20Networks.%20%26lt%3B%5C%2Fdiv%26gt%3B%5Cn%26lt%3B%5C%2Fdiv%26gt%3B%22%2C%22data%22%3A%7B%22itemType%22%3A%22report%22%2C%22title%22%3A%22The%20Homeownership%20Component%20of%20the%20Canada-Ontario%20Affordable%20Housing%20Program%3A%20Critical%20Analysis%20of%20Program%20Objectives%22%2C%22creators%22%3A%5B%7B%22creatorType%22%3A%22author%22%2C%22firstName%22%3A%22Helen%22%2C%22lastName%22%3A%22Looker%22%7D%5D%2C%22abstractNote%22%3A%22Housing%20affordability%20has%20reached%20crisis%20levels%20in%20some%20jurisdictions%2C%20both%20in%20Canada%20and%20abroad.%20Meanwhile%2C%20funding%20for%20social%20housing%20has%20diminished%20or%20is%20sporadic.%20Homeownership%20appears%20to%20be%20a%20politically%20preferred%20means%20of%20housing%20provision%20in%20developed%20nations%20such%20as%20the%20United%20Kingdom%2C%20the%20United%20States%2C%20and%20Australia.%5Cn%5CnA%20recent%20Ontario%20program%20to%20subsidize%20the%20down%20payment%20to%20prospective%20homeowners%20who%20were%20low-%20to%20middle-income%20tenants%20in%20social%20housing%2C%20however%2C%20resulted%20in%20variable%20uptake.%20The%20Canada-Ontario%20Affordable%20Housing%20Program%20Homeownership%20Component%20policy%20guidelines%20will%20be%20analyzed%20to%20assess%20their%20effectiveness%20since%20the%20program%20aims%20to%20serve%20housing%20need%20and%20achieve%20social%20housing%20sustainability.%20Through%20secondary%20data%20analysis%20and%20qualitative%20interviews%20with%20housing%20managers%20in%20select%20Ontario%20jurisdictions%20and%20a%20sampling%20of%20housing%20specialists%2C%20the%20presumption%20that%20homeownership%20represents%20a%20positive%20trajectory%20for%20low-%20to%20middle-income%20Canadian%20households%20targeted%20by%20the%20Canada-Ontario%20Affordable%20Housing%20Program%20is%20examined.%20A%20review%20of%20the%20literature%20relevant%20to%20social%2C%20economic%2C%20and%20political%20aspects%20of%20homeownership%20is%20used%20in%20this%20case%20study.%22%2C%22reportNumber%22%3A%22%22%2C%22reportType%22%3A%22%22%2C%22institution%22%3A%22Canadian%20Policy%20Research%20Networks%22%2C%22date%22%3A%222009%22%2C%22language%22%3A%22%22%2C%22url%22%3A%22http%3A%5C%2F%5C%2Fcprn3.library.carleton.ca%5C%2Fdocuments%5C%2F51977_EN.pdf%22%2C%22collections%22%3A%5B%5D%2C%22dateModified%22%3A%222020-11-11T19%3A08%3A17Z%22%2C%22tags%22%3A%5B%7B%22tag%22%3A%22Canada%22%7D%2C%7B%22tag%22%3A%22Ontario%22%7D%2C%7B%22tag%22%3A%22affordable%22%7D%2C%7B%22tag%22%3A%22asset-based%20welfare%22%7D%2C%7B%22tag%22%3A%22homeownership%22%7D%2C%7B%22tag%22%3A%22homeownership%20subsidies%22%7D%2C%7B%22tag%22%3A%22housing%20markets%22%7D%2C%7B%22tag%22%3A%22low-income%22%7D%2C%7B%22tag%22%3A%22policy%22%7D%2C%7B%22tag%22%3A%22program%22%7D%2C%7B%22tag%22%3A%22transnational%22%7D%5D%7D%7D%2C%7B%22key%22%3A%22FV628CJS%22%2C%22library%22%3A%7B%22id%22%3A6342983%7D%2C%22meta%22%3A%7B%22creatorSummary%22%3A%22Smith%20et%20al.%22%2C%22parsedDate%22%3A%222009%22%2C%22numChildren%22%3A1%7D%2C%22bib%22%3A%22%26lt%3Bdiv%20class%3D%26quot%3Bcsl-bib-body%26quot%3B%20style%3D%26quot%3Bline-height%3A%202%3B%20padding-left%3A%201em%3B%20text-indent%3A-1em%3B%26quot%3B%26gt%3B%5Cn%20%20%26lt%3Bdiv%20class%3D%26quot%3Bcsl-entry%26quot%3B%26gt%3BSmith%2C%20S.%20J.%2C%20Searle%2C%20B.%20A.%2C%20%26amp%3B%20Cook%2C%20N.%20%282009%29.%20Rethinking%20the%20Risks%20of%20Home%20Ownership.%20%26lt%3Bi%26gt%3BJournal%20of%20Social%20Policy%26lt%3B%5C%2Fi%26gt%3B%2C%20%26lt%3Bi%26gt%3B38%26lt%3B%5C%2Fi%26gt%3B%281%29%2C%2083%26%23x2013%3B102.%20%26lt%3Ba%20class%3D%26%23039%3Bzp-DOIURL%26%23039%3B%20href%3D%26%23039%3Bhttps%3A%5C%2F%5C%2Fdoi.org%5C%2Fhttps%3A%5C%2F%5C%2Fdoi.org%5C%2F10.1017%5C%2FS0047279408002560%26%23039%3B%26gt%3Bhttps%3A%5C%2F%5C%2Fdoi.org%5C%2Fhttps%3A%5C%2F%5C%2Fdoi.org%5C%2F10.1017%5C%2FS0047279408002560%26lt%3B%5C%2Fa%26gt%3B%26lt%3B%5C%2Fdiv%26gt%3B%5Cn%26lt%3B%5C%2Fdiv%26gt%3B%22%2C%22data%22%3A%7B%22itemType%22%3A%22journalArticle%22%2C%22title%22%3A%22Rethinking%20the%20Risks%20of%20Home%20Ownership%22%2C%22creators%22%3A%5B%7B%22creatorType%22%3A%22author%22%2C%22firstName%22%3A%22Susan%20J%22%2C%22lastName%22%3A%22Smith%22%7D%2C%7B%22creatorType%22%3A%22author%22%2C%22firstName%22%3A%22Beverley%20A%22%2C%22lastName%22%3A%22Searle%22%7D%2C%7B%22creatorType%22%3A%22author%22%2C%22firstName%22%3A%22Nicole%22%2C%22lastName%22%3A%22Cook%22%7D%5D%2C%22abstractNote%22%3A%22Most%20debate%20on%20home%20ownership%20and%20risk%20has%20focused%20on%20the%20management%20of%20mortgage%20debt.%20But%20there%20are%20other%20risks%20for%20home%20buyers%20in%20settings%20where%20housing%20dominates%20people%5Cu2019s%20wealth%20portfolios%3A%20where%20the%20investment%20dimensions%20of%20property%20are%20at%20a%20premium%3B%20and%20where%20housing%20wealth%20is%2C%20de%20facto%2C%20an%20asset%20base%20for%20welfare.%20This%20article%20draws%20from%20qualitative%20research%20with%20150%20UK%20mortgage%20holders%20to%20assess%20the%20character%2C%20extent%20and%20possible%20mitigation%20of%20this%20wider%20risk%20regime.%20The%20analysis%20%5Cufb01rst%20explores%20the%20value%20home%20buyers%20attach%20to%20the%20%5Cufb01nancial%20returns%20on%20housing.%20Next%20we%20document%20the%20extent%20to%20which%20home%20equity%20is%20earmarked%20and%20used%20as%20a%20%5Cufb01nancial%20buffer.%20Finally%2C%20re%5Cufb02ecting%20on%20the%20merits%20and%20limitations%20of%20this%20tactic%2C%20we%20conclude%20by%20asking%20whether%20%5Cu2013%20in%20the%20interests%20of%20housing%20and%20social%20policy%2C%20as%20well%20as%20with%20a%20view%20to%20managing%20the%20economy%20%5Cu2013%20there%20is%20any%20need%2C%20scope%20or%20appetite%20for%20more%20actively%20sharing%20the%20%5Cufb01nancial%20risks%20and%20investment%20gains%20of%20housing%20systems%20anchored%20on%20owner-occupation.%22%2C%22date%22%3A%222009%22%2C%22language%22%3A%22en%22%2C%22DOI%22%3A%22https%3A%5C%2F%5C%2Fdoi.org%5C%2F10.1017%5C%2FS0047279408002560%22%2C%22ISSN%22%3A%22%22%2C%22url%22%3A%22%22%2C%22collections%22%3A%5B%22WK63SEK5%22%2C%22F3F8EX4U%22%5D%2C%22dateModified%22%3A%222020-09-05T19%3A23%3A32Z%22%2C%22tags%22%3A%5B%7B%22tag%22%3A%22UK%22%7D%2C%7B%22tag%22%3A%22asset-based%20welfare%22%7D%2C%7B%22tag%22%3A%22home%20ownership%22%7D%2C%7B%22tag%22%3A%22homeownership%22%7D%2C%7B%22tag%22%3A%22investment%22%7D%2C%7B%22tag%22%3A%22investment%20property%22%7D%5D%7D%7D%2C%7B%22key%22%3A%22M3AD77MQ%22%2C%22library%22%3A%7B%22id%22%3A6342983%7D%2C%22meta%22%3A%7B%22creatorSummary%22%3A%22Boelhouwer%20and%20van%20der%20Heijden%22%2C%22parsedDate%22%3A%222005%22%2C%22numChildren%22%3A1%7D%2C%22bib%22%3A%22%26lt%3Bdiv%20class%3D%26quot%3Bcsl-bib-body%26quot%3B%20style%3D%26quot%3Bline-height%3A%202%3B%20padding-left%3A%201em%3B%20text-indent%3A-1em%3B%26quot%3B%26gt%3B%5Cn%20%26lt%3Bdiv%20class%3D%26quot%3Bcsl-entry%26quot%3B%26gt%3BBoelhouwer%2C%20P.%2C%20%26amp%3B%20van%20der%20Heijden%2C%20H.%20%282005%29.%20%26lt%3Ba%20class%3D%26%23039%3Bzp-ItemURL%26%23039%3B%20href%3D%26%23039%3Bhttp%3A%5C%2F%5C%2Fwww.tandfonline.com%5C%2Fdoi%5C%2Fabs%5C%2F10.1080%5C%2F14036090510032736%26%23039%3B%26gt%3BRelationship%20between%20Reduction%20in%20Pension%20Provision%20and%20Growth%20in%20Homeownership%26lt%3B%5C%2Fa%26gt%3B.%20%26lt%3Bi%26gt%3BHousing%2C%20Theory%20and%20Society%26lt%3B%5C%2Fi%26gt%3B%2C%20%26lt%3Bi%26gt%3B22%26lt%3B%5C%2Fi%26gt%3B%282%29%2C%2076%5Cu201379.%20https%3A%5C%2F%5C%2Fdoi.org%5C%2F10.1080%5C%2F14036090510032736%26lt%3B%5C%2Fdiv%26gt%3B%5Cn%26lt%3B%5C%2Fdiv%26gt%3B%22%2C%22data%22%3A%7B%22itemType%22%3A%22journalArticle%22%2C%22title%22%3A%22Relationship%20between%20Reduction%20in%20Pension%20Provision%20and%20Growth%20in%20Homeownership%22%2C%22creators%22%3A%5B%7B%22creatorType%22%3A%22author%22%2C%22firstName%22%3A%22Peter%22%2C%22lastName%22%3A%22Boelhouwer%22%7D%2C%7B%22creatorType%22%3A%22author%22%2C%22firstName%22%3A%22Harry%22%2C%22lastName%22%3A%22van%20der%20Heijden%22%7D%5D%2C%22abstractNote%22%3A%22In%20his%20article%2C%20The%20Really%20Big%20Trade-Off%20Between%20Homeownership%20and%20Welfare%3A%5CnCastles%5Cu2019%20Evaluation%20of%20the%201980%20Thesis%2C%20and%20a%20Reformulation%2025%20Years%20On%2C%20Kemeny%5Cnexamines%20the%20relationship%20between%20the%20development%20of%20homeownership%20and%20the%5Cnwelfare%20state.%20As%20he%20concedes%2C%20research%20into%20this%20relationship%20is%20nothing%20new.%20Schmidt%5Cn%281989%29%2C%20for%20example%2C%20had%20already%20established%20a%20statistical%20correlation%20between%20the%5Cnrates%20of%20homeownership%20and%20national%20spending%20on%20social%20protection%20in%20general%2C%5Cnwhereby%20countries%20with%20high%20rates%20of%20homeownership%20tend%20to%20have%20smaller%20welfare%5Cncommitments.%20Kemeny%5Cu2019s%20reformulated%20thesis%20is%20that%20a%20decline%20in%20welfare%20provision%5Cn%28especially%20that%20of%20reduced%20pensions%29%20leads%20to%20a%20rise%20in%20homeownership.%20This%20article%5Cnexamines%20two%20aspects%20of%20this%20proposed%20correlation%3A%20firstly%2C%20how%20can%20differences%5Cnbetween%20the%20homeownership%20rates%20in%20various%20countries%20be%20explained%3B%20and%2C%20secondly%2C%5Cnhow%20can%20the%20causality%20link%20between%20the%20homeownership%20rate%20and%20the%20scope%20of%5Cnretirement%20provision%20be%20explained.%22%2C%22date%22%3A%2206%5C%2F2005%22%2C%22language%22%3A%22en%22%2C%22DOI%22%3A%2210.1080%5C%2F14036090510032736%22%2C%22ISSN%22%3A%221403-6096%2C%201651-2278%22%2C%22url%22%3A%22http%3A%5C%2F%5C%2Fwww.tandfonline.com%5C%2Fdoi%5C%2Fabs%5C%2F10.1080%5C%2F14036090510032736%22%2C%22collections%22%3A%5B%22WK63SEK5%22%2C%22F3F8EX4U%22%5D%2C%22dateModified%22%3A%222020-09-14T15%3A49%3A32Z%22%2C%22tags%22%3A%5B%7B%22tag%22%3A%22asset-based%20welfare%22%7D%2C%7B%22tag%22%3A%22homeownership%22%7D%2C%7B%22tag%22%3A%22international%22%7D%2C%7B%22tag%22%3A%22pension%22%7D%2C%7B%22tag%22%3A%22retirement%22%7D%2C%7B%22tag%22%3A%22welfare%22%7D%5D%7D%7D%5D%7D

Byrne, M., & Norris, M. (2019). Housing market financialization, neoliberalism and everyday retrenchment of social housing. Environment and Planning A: Economy and Space. https://doi.org/10.1177/0308518X19832614

Ronald, R., & Kadi, J. (2018). The Revival of Private Landlords in Britain's Post-Homeownership Society. New Political Economy, 23(6), 786–803. https://doi.org/10.1080/13563467.2017.1401055

Fischer, A. (2018). A Domestic Geography of Money: How Mortgage Debt, Home Prices, and Toronto's Condominiums "Prop up" the Canadian Economy [Brock University].

Ronald, R., Lennartz, C., & Kadi, J. (2017). What ever happened to asset-based welfare? Shifting approaches to housing wealth and welfare security. Policy & Politics, 45(2), 173–193. https://doi.org/10.1332/030557316X14786045239560

Lennartz, C., & Ronald, R. (2017). Asset-based Welfare and Social Investment: Competing, Compatible, or Complementary Social Policy Strategies for the New Welfare State? Housing, Theory and Society, 34(2), 201–220. https://doi.org/10.1080/14036096.2016.1220422

Kalman-Lamb, G. (2017). The financialization of housing in Canada: intensifying contradictions of neoliberal accumulation. STUDIES IN POLITICAL ECONOMY, 98(3), 298–323.

Walks, A. (2016). Homeownership, Asset-based Welfare and the Neighbourhood Segregation of Wealth. Housing Studies, 31(7), 755–784. https://doi.org/10.1080/02673037.2015.1132685

Forrest, R., & Hirayama, Y. (2015). The financialisation of the social project: Embedded liberalism, neoliberalism and home ownership. Urban Studies, 52(2), 233–244. https://doi.org/10.1177/0042098014528394

Looker, H. (2009). The Homeownership Component of the Canada-Ontario Affordable Housing Program: Critical Analysis of Program Objectives. Canadian Policy Research Networks.

Smith, S. J., Searle, B. A., & Cook, N. (2009). Rethinking the Risks of Home Ownership. Journal of Social Policy, 38(1), 83–102. https://doi.org/https://doi.org/10.1017/S0047279408002560

Boelhouwer, P., & van der Heijden, H. (2005). Relationship between Reduction in Pension Provision and Growth in Homeownership. Housing, Theory and Society, 22(2), 76–79. https://doi.org/10.1080/14036090510032736