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Financialization interrupted : Unwilling subjects of housing reform in Morocco

Kutz, William LU (2018) In City 22(4). p.568-583
Abstract

Researchers have increasingly sought to account for the ways in which financial systems permeate everyday life, interpolating individuals as entrepreneurial investor subjects. This article examines why some people reject such financial opportunities as unwilling subjects. This issue is examined in the context of the Moroccan housing market and the associated financial products and services deployed to expand home ownership to low-income buyers. The article demonstrates how efforts to promote financial services to improve access to affordable housing failed to account for the social and cultural significance of the Moroccan home beyond its immediate exchangeability. The values and practices promoted by affordable housing reforms often... (More)

Researchers have increasingly sought to account for the ways in which financial systems permeate everyday life, interpolating individuals as entrepreneurial investor subjects. This article examines why some people reject such financial opportunities as unwilling subjects. This issue is examined in the context of the Moroccan housing market and the associated financial products and services deployed to expand home ownership to low-income buyers. The article demonstrates how efforts to promote financial services to improve access to affordable housing failed to account for the social and cultural significance of the Moroccan home beyond its immediate exchangeability. The values and practices promoted by affordable housing reforms often conflicted with the long-standing relationships between individuals, their homes, and the wider community. Residents’ unwillingness to engage with the market has disrupted the growth of housing financialization and has rendered associated housing policies for low-income residents unstable.

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Please use this url to cite or link to this publication:
author
publishing date
type
Contribution to journal
publication status
published
subject
keywords
everyday financialization, housing finance, informal housing, Morocco, unwilling subjects, vernacular architecture
in
City
volume
22
issue
4
pages
16 pages
publisher
Oxfordshire Publishers
external identifiers
  • scopus:85053635965
ISSN
1360-4813
DOI
10.1080/13604813.2018.1507109
language
English
LU publication?
no
additional info
Publisher Copyright: © 2018, © 2018 Informa UK Limited, trading as Taylor & Francis Group.
id
630773fa-0c00-4d22-ade9-59509e882a03
date added to LUP
2023-08-09 09:13:54
date last changed
2023-08-24 11:43:58
@article{630773fa-0c00-4d22-ade9-59509e882a03,
  abstract     = {{<p>Researchers have increasingly sought to account for the ways in which financial systems permeate everyday life, interpolating individuals as entrepreneurial investor subjects. This article examines why some people reject such financial opportunities as unwilling subjects. This issue is examined in the context of the Moroccan housing market and the associated financial products and services deployed to expand home ownership to low-income buyers. The article demonstrates how efforts to promote financial services to improve access to affordable housing failed to account for the social and cultural significance of the Moroccan home beyond its immediate exchangeability. The values and practices promoted by affordable housing reforms often conflicted with the long-standing relationships between individuals, their homes, and the wider community. Residents’ unwillingness to engage with the market has disrupted the growth of housing financialization and has rendered associated housing policies for low-income residents unstable.</p>}},
  author       = {{Kutz, William}},
  issn         = {{1360-4813}},
  keywords     = {{everyday financialization; housing finance; informal housing; Morocco; unwilling subjects; vernacular architecture}},
  language     = {{eng}},
  month        = {{07}},
  number       = {{4}},
  pages        = {{568--583}},
  publisher    = {{Oxfordshire Publishers}},
  series       = {{City}},
  title        = {{Financialization interrupted : Unwilling subjects of housing reform in Morocco}},
  url          = {{http://dx.doi.org/10.1080/13604813.2018.1507109}},
  doi          = {{10.1080/13604813.2018.1507109}},
  volume       = {{22}},
  year         = {{2018}},
}