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The Uneven Impact of Neoliberalism on Housing Opportunities

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  • RAY FORREST
  • YOSUKE HIRAYAMA

Abstract

Neoliberalism has dominated policy discourse and policy formulation for at least two decades and has been particularly influential in reshaping housing systems and housing opportunities. The timing, pace and impact of these policy developments have, however, varied between and within societies. This article explores the experiences of Japan and the UK as a way of illustrating that while there has been a shared discourse of neoliberalism, there have been important contextual differences in relation to the economic cycle, welfare systems and political complexion. These have affected the progress and development of neoliberal policy reforms in housing and in other related spheres and the extent of global financial integration. In both countries, a key social change is the striking reduction in levels of home ownership among younger age groups. The article explores the common and different causes and consequences of these trends and points to the significance of these emerging generational fissions for the neoliberal project. Résumé Cela fait au moins vingt ans que le néolibéralisme a envahi le discours et la formulation de l'action publique. Son influence a été considérable sur la reconfiguration des systèmes et des opportunités de logement. Le moment, le rythme et l'impact de ces évolutions politiques ont néanmoins varié d'une sociétéà une autre, et au sein de chacune. Les expériences du Japon et du Royaume‐Uni sont examinées ici afin de montrer que, malgré un discours néolibéral commun, on peut repérer de nettes différences contextuelles en lien avec le cycle économique, les systèmes de protection sociale et la coloration politique. Ces facteurs ont pesé sur la progression et l'ampleur des réformes politiques néolibérales dans le domaine du logement et d'autres sphères connexes, ainsi que sur la portée de l'intégration financière mondiale. Les deux pays révèlent une transformation sociale cruciale: les propriétaires de leur logement sont en forte diminution dans les tranches d’âge les plus jeunes. L’étude s'intéresse aux causes, communes et différentes, ainsi qu'aux conséquences de ces tendances, tout en marquant l'importance, pour le projet néolibéral, de ces ruptures générationnelles récentes.

Suggested Citation

  • Ray Forrest & Yosuke Hirayama, 2009. "The Uneven Impact of Neoliberalism on Housing Opportunities," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 33(4), pages 998-1013, December.
    • Handle: RePEc:bla:ijurrs:v:33:y:2009:i:4:p:998-1013
    DOI: 10.1111/j.1468-2427.2009.00903.x
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    References listed on IDEAS

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    1. Charles Yuji Horioka, 2006. "Do the Elderly Dissave in Japan?," Chapters, in: Lawrence R. Klein (ed.), Long-run Growth and Short-run Stabilization, chapter 5, Edward Elgar Publishing.
    2. Kevin Doogan, 2001. "Insecurity and Long-Term Employment," Work, Employment & Society, British Sociological Association, vol. 15(3), pages 419-441, September.
    3. Dore, Ronald, 2000. "Stock Market Capitalism: Welfare Capitalism: Japan and Germany versus the Anglo-Saxons," OUP Catalogue, Oxford University Press, number 9780199240616.
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    1. Mikel Aramburu, 2015. "Rental as A Taste of Freedom: The Decline of Home Ownership amongst Working-class Youth in Spain during Times of Crisis," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 39(6), pages 1172-1190, November.
    2. Cody Hochstenbach, 2018. "Spatializing the intergenerational transmission of inequalities: Parental wealth, residential segregation, and urban inequality," Environment and Planning A, , vol. 50(3), pages 689-708, May.
    3. Roger Vincent Patulny & Alan Morris, 2012. "Questioning the Need for Social Mix: The Implications of Friendship Diversity amongst Australian Social Housing Tenants," Urban Studies, Urban Studies Journal Limited, vol. 49(15), pages 3365-3384, November.
    4. Kevin Fox Gotham, 2016. "Re-anchoring capital in disaster-devastated spaces: Financialisation and the Gulf Opportunity (GO) Zone programme," Urban Studies, Urban Studies Journal Limited, vol. 53(7), pages 1362-1383, May.
    5. Tsz-ming Or, 2018. "Pathways to homeownership among young professionals in urban China: The role of family resources," Urban Studies, Urban Studies Journal Limited, vol. 55(11), pages 2391-2407, August.
    6. Oana Druta & Richard Ronald, 2018. "Young adults’ pathways into homeownership in Tokyo: Shifting practices and meanings," Environment and Planning A, , vol. 50(5), pages 1092-1108, August.
    7. Rowan Arundel & Richard Ronald, 2021. "The false promise of homeownership: Homeowner societies in an era of declining access and rising inequality," Urban Studies, Urban Studies Journal Limited, vol. 58(6), pages 1120-1140, May.
    8. Kim Mckee & Tom Moore & Adriana Soaita & Joe Crawford, 2017. "‘Generation Rent’ and The Fallacy of Choice," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 41(2), pages 318-333, March.
    9. Parkinson, Sharon & James, Amity & Liu, Edgar & Hayward, Richard Donald, 2018. "Navigating a changing private rental sector: opportunities and challenges for low-income renters," SocArXiv f3h4s, Center for Open Science.
    10. Huang, Donna & Parkinson, Sharon & James, Amity & Liu, Edgar, 2018. "Navigating a changing private rental sector: opportunities and challenges for low-income renters," SocArXiv 4yjsw, Center for Open Science.
    11. Albert Sabater & Nissa Finney, 2023. "Age segregation and housing unaffordability: Generational divides in housing opportunities and spatial polarisation in England and Wales," Urban Studies, Urban Studies Journal Limited, vol. 60(5), pages 941-961, April.
    12. Xizan Jin & Hongfei Yu & Fangxin Yi & Lili Chen & Song Wang, 2022. "Tolerance for Housing Unaffordability among Highly Skilled Young Migrants: Evidence from the Zhejiang Province of China," IJERPH, MDPI, vol. 20(1), pages 1-18, December.
    13. Rachel Friedman & Gillad Rosen, 2020. "The face of affordable housing in a neoliberal paradigm," Urban Studies, Urban Studies Journal Limited, vol. 57(5), pages 959-975, April.
    14. Bingqin Li & Hyun Bang Shin, 2013. "Intergenerational Housing Support Between Retired Old Parents and their Children in Urban China," Urban Studies, Urban Studies Journal Limited, vol. 50(16), pages 3225-3242, December.

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