Housing (In)Equity and the Spatial Dynamics of Homeownership in France : A Research Agenda
(2021) In Tijdschrift Voor Economische en Sociale Geografie 112(1). p.62-80- Abstract
This paper advances a research agenda on how asset-based welfare policies, residential market volatility, stratified accumulation and vulnerability impinge upon the geography of inequality in property markets. Since the mid-1990s, housing prices have increased faster than the income of buyers, becoming a driver of social polarisation and household vulnerability. Few studies have however explicitly linked socio-spatial inequality to asset capitalisation, instability and vulnerability in residential housing markets. We employ an empirically-grounded investigation of the factors driving and reinforcing these dynamics, what we conceptualise as a feedback loop mediating particular housing finance regimes. Drawing on three French cities... (More)
This paper advances a research agenda on how asset-based welfare policies, residential market volatility, stratified accumulation and vulnerability impinge upon the geography of inequality in property markets. Since the mid-1990s, housing prices have increased faster than the income of buyers, becoming a driver of social polarisation and household vulnerability. Few studies have however explicitly linked socio-spatial inequality to asset capitalisation, instability and vulnerability in residential housing markets. We employ an empirically-grounded investigation of the factors driving and reinforcing these dynamics, what we conceptualise as a feedback loop mediating particular housing finance regimes. Drawing on three French cities (Paris, Lyon, and Avignon) our study develops a comparative framework to interpret the relational effects of price, equity and homeowner vulnerability on the production of inequality across different geographical scales. Our approach puts into conversation debates concerning housing markets, social inequality, and ordinary financialisation in the period since the Global Financial Crisis.
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- author
- Le Goix, Renaud ; Casanova Enault, Laure ; Bonneval, Loïc ; Le Corre, Thibault ; Benites-Gambirazio, Eliza ; Boulay, Guilhem ; Kutz, William LU ; Aveline-Dubach, Natacha ; Migozzi, Julien and Ysebaert, Ronan
- publishing date
- 2021-02
- type
- Contribution to journal
- publication status
- published
- subject
- keywords
- financialisation, France, Housing, inequalities, ownership, wealth
- in
- Tijdschrift Voor Economische en Sociale Geografie
- volume
- 112
- issue
- 1
- pages
- 19 pages
- publisher
- Wiley-Blackwell
- external identifiers
-
- scopus:85089296533
- ISSN
- 0040-747X
- DOI
- 10.1111/tesg.12460
- language
- English
- LU publication?
- no
- additional info
- Funding Information: This paper was prepared under the ANR WIsDHoM project, Wealth inequalities and the dynamics of housing markets. (ANR-18-CE41-0004). The transactions BIEN proprietary database was made available by Paris Notaire Service, on the behalf of the Chamber of the Notaries, under an agreement contracted by the LabEx DynamiTe (ANR-11-LABX-0046) consortium and the Univ. Paris 1 Pantheon-Sorbonne. And infinite thanks to the Menthonnex 2018 and 2019 #AcWri team: “We have opened the space for writing. Let’s make it hospitable”. We also wish to thank the three anonymous referees for valuable comments and criticisms on thee earlier version, and therefore their contribution. The usual disclaimers apply. Publisher Copyright: © 2020 The Authors. Tijdschrift voor Economische en Sociale Geografie published by John Wiley & Sons Ltd on behalf of Royal Dutch Geographical Society / Koninklijk Nederlands Aardrijkskundig Genootschap
- id
- a6335e20-8d85-474d-8abb-64f7f913d85f
- date added to LUP
- 2023-08-09 09:15:30
- date last changed
- 2023-08-24 11:49:23
@article{a6335e20-8d85-474d-8abb-64f7f913d85f,
abstract = {{<p>This paper advances a research agenda on how asset-based welfare policies, residential market volatility, stratified accumulation and vulnerability impinge upon the geography of inequality in property markets. Since the mid-1990s, housing prices have increased faster than the income of buyers, becoming a driver of social polarisation and household vulnerability. Few studies have however explicitly linked socio-spatial inequality to asset capitalisation, instability and vulnerability in residential housing markets. We employ an empirically-grounded investigation of the factors driving and reinforcing these dynamics, what we conceptualise as a feedback loop mediating particular housing finance regimes. Drawing on three French cities (Paris, Lyon, and Avignon) our study develops a comparative framework to interpret the relational effects of price, equity and homeowner vulnerability on the production of inequality across different geographical scales. Our approach puts into conversation debates concerning housing markets, social inequality, and ordinary financialisation in the period since the Global Financial Crisis.</p>}},
author = {{Le Goix, Renaud and Casanova Enault, Laure and Bonneval, Loïc and Le Corre, Thibault and Benites-Gambirazio, Eliza and Boulay, Guilhem and Kutz, William and Aveline-Dubach, Natacha and Migozzi, Julien and Ysebaert, Ronan}},
issn = {{0040-747X}},
keywords = {{financialisation; France; Housing; inequalities; ownership; wealth}},
language = {{eng}},
number = {{1}},
pages = {{62--80}},
publisher = {{Wiley-Blackwell}},
series = {{Tijdschrift Voor Economische en Sociale Geografie}},
title = {{Housing (In)Equity and the Spatial Dynamics of Homeownership in France : A Research Agenda}},
url = {{http://dx.doi.org/10.1111/tesg.12460}},
doi = {{10.1111/tesg.12460}},
volume = {{112}},
year = {{2021}},
}