Western European housing systems and the impact of the international financial crisis

Heijden, Harry van der; Dol, Kees; Oxley, Michael

doi:10.1007/s10901-011-9230-0

Cited by 51 publications

(36 citation statements)

References 18 publications

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“…Notably, the financial crisis and consequent institutional reforms have made access to owner occupancy more uneven and restricted (Forrest & Hirayama, 2015), and the overall number of sales and sale prices have plummeted in the postcrisis years (Ronald & Dol, 2011;Van der Heijden, Dol, & Oxley, 2011). Particularly for low-income households, those in a precarious employment situation, and younger age cohorts, access to homeownership has dwindled and rent burdens in rental sectors have increased.…”

Section: Spatial Dimensions To Urban Inequalitymentioning

confidence: 99%

Gentrification and the suburbanization of poverty: changing urban geographies through boom and bust periods

2017

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Gentrification and the suburbanization of poverty: changing urban geographies through boom and bust periods Hochstenbach, C.; Musterd, S. General rightsIt is not permitted to download or to forward/distribute the text or part of it without the consent of the author(s) and/or copyright holder(s), other than for strictly personal, individual use, unless the work is under an open content license (like Creative Commons). Disclaimer/Complaints regulationsIf you believe that digital publication of certain material infringes any of your rights or (privacy) interests, please let the Library know, stating your reasons. In case of a legitimate complaint, the Library will make the material inaccessible and/or remove it from the website. Please Ask the Library: http://uba.uva.nl/en/contact, or a letter to: Library of the University of Amsterdam, Secretariat, Singel 425, 1012 WP Amsterdam, The Netherlands. You will be contacted as soon as possible. Many postindustrial cities across Europe and other contexts are marked by growing social-spatial inequalities, housing liberalization, and gentrification, which limit the housing options of lowincome households. We investigated changes in the residential moves of different low-income households (working poor, lowto-middle income, and unemployed) in the Amsterdam and Rotterdam urban regions for the time period 2004-2013. We found an overarching trend for the suburbanization of poverty toward the urban peripheries and surrounding regions. While this trend appears to be relatively crisis resistant in the tight Amsterdam housing context, it is more cyclical in Rotterdam and has slowed following the global financial crisis. Low-to-middle income and unemployed households are increasingly moving to the urban regions surrounding cities, particularly to higher density satellite towns. Nevertheless, a growing number of working poor households remain highly urbanized, employing various coping strategies to acquire housing. This paper reveals how the suburbanization of poverty is both a direct process of poor households moving from city to suburb, and a broader indirect process caused by exclusionary mechanisms such as the decreasing accessibility and affordability of inner-urban neighborhoods, which reflect broader changes in the geography and socioeconomic patterning of urban regions. ARTICLE HISTORY

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Section: Spatial Dimensions To Urban Inequalitymentioning

confidence: 99%

Gentrification and the suburbanization of poverty: changing urban geographies through boom and bust periods

2017

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“…In the wake of the financial crisis, a growing body of literature has examined financialisation relating to mortgage markets and home ownership, referring to a pattern of accumulation in which profit making occurs increasingly through financial channels rather than through trade and commodity production (Aalbers, 2009a). Research in this area, for example, has focused on the linking of mortgage markets and stock markets through so-called securitisation investment vehicles (Gotham, 2009;Wainwright, 2009) originating in the US sub prime market, and globalisation of mortgage markets as a result of the financialisation of borrowers and markets and a globalisation of mortgage lenders (Aalbers, 2009b;van Heijden et al, 2011). For Aalbers (2009a) this transformation of the mortgage market has had profound effects on housing markets and the creation of housing bubbles, enabling the expansion of the mortgage market and allowing borrowers to buy more expensive homes fuelling a housing bubble.…”

Section: Financialisation and Household Vulnerabilitymentioning

confidence: 99%

Household vulnerability in rural areas: Results of an index applied during a housing crash, economic crisis and under austerity conditions

Murphy

Scott

2014

Geoforum

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Publication informationGeoforum, 51 : 75-86 Publisher ElsevierItem record/more information http://hdl.handle.net/10197/5026 Publisher's statement þÿ T h i s i s t h e a u t h o r s v e r s i o n o f a w o r k t h a t w a s a c c e p t e d f o r p u b l i c a t i o n i n G e o f o r u m .Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Geoforum (Volume 51, þÿ J a n u a r y 2 0 1 4 , P a g e s 7 Abstract. The emergence of the economic crisis in 2007/08 has increasingly exposed rural localities to exogenous shocks and ruptures within the globalised economy. Rather than focusing on economic growth alone, many commentators have begun examining how regions and localities can cope with economic crises by enhancing place resilience and reducing the vulnerability of places to global economic uncertainty. However, scant attention has been given to assessing economic vulnerability at the household scale. This paper attempts to marry and relate the global processes at work in both the literature on financialisation and vulnerability to facilitate understanding of and provide a framework for financialisation research at the household scale. In this context, we develop and apply a Household Vulnerability Index (HVI) to rural areas. Drawing on survey data, the index utilises both objective indicators (e.g. household income) and subjective indicators (e.g. household perceptions of future job insecurity) to provide a nuanced account of living conditions and life satisfaction among rural households in Ireland following a housing crash, economic recession and the widespread adoption of austerity measures across public policy. By adopting a vulnerability approach (rather than providing a 'snapshot'), the HVI enables an assessment of not only current conditions for households, but also the probability of continued declining living standards and the exposure of households to further exogenous shocks. This provides a useful tool in assessing the potential impact of a range of public policies at the household level. In the case of Ireland, a link emerged between increased household vulnerability and rural localities that experienced an oversupply of houses during the recent speculative housing bubble, suggesting that the failure to effectively regulate development and finance has increased household exposure to financial risk.

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“…This would involve charting the histories, social origins and evolution of these forms in different institutional contexts, housing systems and welfare regimes (Salamon & Anheier, 1998;Lawson, 2010;van der Heijden, Dol, & Oxley, 2011). The editors were interested in the participants and identities of these forms.…”

Section: Key Questionsmentioning

confidence: 99%

Self-organised and civil society participation in housing provision

Mullins

Moore

2018

International Journal of Housing Policy

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Western European housing systems and the impact of the international financial crisis

Cited by 51 publications

References 18 publications

Gentrification and the suburbanization of poverty: changing urban geographies through boom and bust periods

Gentrification and the suburbanization of poverty: changing urban geographies through boom and bust periods

Household vulnerability in rural areas: Results of an index applied during a housing crash, economic crisis and under austerity conditions

Self-organised and civil society participation in housing provision

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