Property-based welfare and the search for generational equality

Searle, Beverley A.; McCollum, David

doi:10.1080/14616718.2014.955334

Cited by 28 publications

(21 citation statements)

References 34 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…McKee 2012). This has raised critical concerns about the longer term stability of a homeownershipbased welfare regime and the future role of housing property in welfare relations (Searle and McCollum 2014, Montgomerie and Büdenbender 2015, Smith 2015.…”

Section: Introductionmentioning

confidence: 99%

The Revival of Private Landlords in Britain’s Post-Homeownership Society

Ronald

Kadi

2017

New Political Economy

117

View full text Add to dashboard Cite

Homeownership has been declining in favour of private renting in most developed English speaking countries since the early-2000s. Public debates in countries like Britain, Australia and the US have subsequently focused on the ostensible coming of age of 'generation rent', constituted of younger individuals excluded from home buying and traditional routes to housing asset accumulation. While the focus of this paper is the significance of access to housing assets as a means to offset potential economic and welfare precarity, our concern is landlords rather than tenants. Drawing on British survey data, we show that the rental boom has been accompanied by increasing multiple property ownership among classes of largely middle-aged and relatively affluent households. Over one-million small-time landlords have emerged in the last decade alone, who, we argue, are part product of historic developments in housing markets and welfare states. Generations of British have not only been orientated towards their homes as commodity assets, they have also begun to mobilise around multi-property accumulation in a context of shifting welfare and pension expectations. ARTICLE HISTORY

show abstract

Section: Introductionmentioning

confidence: 99%

The Revival of Private Landlords in Britain’s Post-Homeownership Society

Ronald

Kadi

2017

New Political Economy

117

View full text Add to dashboard Cite

show abstract

“…Other scholars in the field underscored several potential challenges faced by the current younger generation as intergenerational family support in housing becomes increasingly important. Searle and McCollum (2014) importantly pointed out that the prevalence of intergenerational family support could in fact reproduce existing housing inequalities and wealth gaps. There are deep-rooted inequalities within, as well as across, generations in terms of housing wealth.…”

Section: Intergenerational Family Support For Young People's Housing:mentioning

confidence: 99%

Intergenerational family support for ‘Generation Rent’: the family home for socially disengaged young people

Wong

2017

Housing Studies

View full text Add to dashboard Cite

This paper critically discusses the concept of intergenerational family support in housing for young people. Recognising increased difficulties faced by the younger generation in the housing market, this paper highlights that support from older family members is increasingly important. Nonetheless, it is critiqued that the role of the family home has been largely ignored in the current "generation rent" discourse. By drawing on recent youth studies debates, this paper argues living in the family home could be an important form of support in housing, especially for marginalised youth. This paper presents insights from qualitative studies in Hong Kong and Scotland and analyses interview accounts of socially disengaged young people. It reflects how remaining at the family home could be interpreted as intergenerational support, and further elicits complexities in expectations, negotiations and emotions involved. This analysis offers new evidence and a more nuanced perspective of intergenerational family support in housing research.

show abstract

“…Various studies have subsequently explored the role of housing wealth in 'welfare switching', where increases in owner-occupation rates and property values have helped legitimise and incentivise a shift away from collective social insurance to welfare selfprovision (e.g. Smith et al 2009;Searle and McCollum 2014;Toussaint and Elsinga 2009;Wood et al 2013). While the global housing boom of the early 2000s made homeownership a focus of such 'asset-based welfare' strategies, the Global Financial Crisis (GFC) at first undermined -by destabilising income and property prices -but inevitably reinforced the reliance of owner-occupier households on the accumulated wealth held in their homes as economic conditions declined and austerity measures took hold.…”

Section: Introductionmentioning

confidence: 99%

Homeownership-Based Welfare in Transition

Ronald¹,

Lennartz²,

Kadi³

2015

Critical Housing Analysis

View full text Add to dashboard Cite

Welfare-state restructuring featuring the use of equity held in owner-occupied housing assets to offset declining public welfare resources and diminishing pension reserves-a form of 'homeownership-based welfare'-has become increasingly prominent in many developed economies in recent decades. This paper, focusing on the UK, examines the shifting position of homeownership, arguing that while the private home has become a key component of welfare restructuring, both owner-occupation and housing equity have become more polarised in the last decade, especially across cohorts. A particular concern is whether passive homeownership-based welfare switching strategies have become more active, or even pro-active, strategies to housing property accumulation as a means to compensate for welfare state retrenchment and anticipated pension shortfalls leading up to and since the Global Financial Crisis. We identify the significance of the rapid advance of a 'generation landlord' in the recent development of 'generation rent'.

show abstract

Property-based welfare and the search for generational equality

Cited by 28 publications

References 34 publications

The Revival of Private Landlords in Britain’s Post-Homeownership Society

The Revival of Private Landlords in Britain’s Post-Homeownership Society

Intergenerational family support for ‘Generation Rent’: the family home for socially disengaged young people

Homeownership-Based Welfare in Transition

Contact Info

Product

Resources

About