IDEAS home Printed from https://ideas.repec.org/a/sae/envira/v40y2008i3p520-535.html
   My bibliography  Save this article

Owner-Occupation: At Home with a Hybrid of Money and Materials

Author

Listed:
  • Susan J Smith

    (Department of Geography, University of Durham, Durham DH1 3LE, England)

Abstract

This paper is about the changing character of housing assets, owned homes, and perhaps owner-occupiers themselves. It draws from two studies of UK homebuyers, whose lives are entangled in the materiality of housing, the meaning of home, and the mobilisation of money. This mélange is facilitated by a new generation of financial services that render housing wealth interchangeable with the cash economy, turning owned homes into a hybrid of money and materials. In total 150 qualitative narratives are interrogated to document three key trends. First, a shift of households' disposition, from opting for ownership by chance to banking on housing by design. Second, a change of financial orientation as property-holding citizens illapse into asset-accumulating investors. Third, an ethically charged encounter between the governance of housing and the micropolitics of home, which is prompted by the growing tangibility of housing wealth as it inspires new styles of, and imperatives for, consumption.

Suggested Citation

  • Susan J Smith, 2008. "Owner-Occupation: At Home with a Hybrid of Money and Materials," Environment and Planning A, , vol. 40(3), pages 520-535, March.
    • Handle: RePEc:sae:envira:v:40:y:2008:i:3:p:520-535
    DOI: 10.1068/a38423
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1068/a38423
    Download Restriction: no
    File URL: https://libkey.io/10.1068/a38423?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Donna Easterlow & Susan J Smith, 2004. "Housing for Health: Can the Market Care?," Environment and Planning A, , vol. 36(6), pages 999-1017, June.
    2. John D. Benjamin & Peter Chinloy & G. Donald Jud, 2004. "Why do Households Concentrate Their Wealth in Housing?," Journal of Real Estate Research, American Real Estate Society, vol. 26(4), pages 329-344.
    3. Susan J Smith & Donna Easterlow & Moira Munro, 2004. "Housing for Health: Does the Market Work?," Environment and Planning A, , vol. 36(4), pages 579-600, April.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Pablo Mendez & Noah Quastel, 2015. "Subterranean Commodification: Informal Housing and the Legalization of Basement Suites in Vancouver from 1928 to 2009," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 39(6), pages 1155-1171, November.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Duff, Cameron & Hill, Nicholas & Blunden, Hazel & valentine, kylie & Randall, Sean & Scutella, Rosanna & Johnson, Guy, 2021. "Leaving rehab: enhancing transitions into stable housing," SocArXiv vypsj, Center for Open Science.
    2. Phuong Thu Nguyen & Preety Srivastava & Longfeng Ye & Jonathan Boymal, 2022. "Housing and occupant health: Findings from Vietnam," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 164(3), pages 1297-1321, December.
    3. Dimitris Anastasiou & Panayotis Kapopoulos & Kalliopi-Maria Zekente, 2023. "Sentimental Shocks and House Prices," The Journal of Real Estate Finance and Economics, Springer, vol. 67(4), pages 627-655, November.
    4. Su Han Chan & Ko Wang & Jing Yang, 2003. "Pricing Factors in Real Estate Markets: A Simple Preference Based Approach," International Real Estate Review, Global Social Science Institute, vol. 6(1), pages 102-120.
    5. Susan J. Smith & Moira Munro & Hazel Christie, 2006. "Performing (Housing) Markets," Urban Studies, Urban Studies Journal Limited, vol. 43(1), pages 81-98, January.
    6. Caporale, Guglielmo Maria & Costantini, Mauro & Paradiso, Antonio, 2013. "Re-examining the decline in the US saving rate: The impact of mortgage equity withdrawal," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 26(C), pages 215-225.
    7. Mao-wei Hung & Leh-chyan So, 2012. "How Much Extra Premium Does a Loss-averse Owner-occupied Home Buyer Pay for His House?," The Journal of Real Estate Finance and Economics, Springer, vol. 45(3), pages 705-722, October.
    8. Sheng Guo & William Hardin, 2014. "Wealth, Composition, Housing, Income and Consumption," The Journal of Real Estate Finance and Economics, Springer, vol. 48(2), pages 221-243, February.
    9. Souphala Chomsisengphet & Anthony Pennington-Cross, 2006. "Subprime refinancing: equity extraction and mortgage termination," Working Papers 2006-023, Federal Reserve Bank of St. Louis.
    10. Hsiao-Jung Teng & Chin-Oh Chang & Ming-Chi Chen, 2017. "Housing bubble contagion from city centre to suburbs," Urban Studies, Urban Studies Journal Limited, vol. 54(6), pages 1463-1481, May.
    11. Andres Jauregui & Alan Tidwell & Diane Hite, 2017. "Sample Selection Approaches to Estimating House Price Cash Differentials," The Journal of Real Estate Finance and Economics, Springer, vol. 54(1), pages 117-137, January.
    12. Bhatia, Kul & Mitchell, Chris, 2016. "Household-specific housing capital gains and consumption: Evidence from Canadian microdata," Regional Science and Urban Economics, Elsevier, vol. 56(C), pages 19-33.
    13. Christopher Anderson & Eli Beracha, 2012. "Frothy Housing Markets and Local Stock-Price Movements," The Journal of Real Estate Finance and Economics, Springer, vol. 45(2), pages 326-346, August.
    14. Victor Chernozhukov & Roberto Rigobon & Thomas M. Stoker, 2009. "Set identification with Tobin regressors," CeMMAP working papers CWP12/09, Centre for Microdata Methods and Practice, Institute for Fiscal Studies.
    15. Hazel Christie & Susan J Smith & Moira Munro, 2008. "The Emotional Economy of Housing," Environment and Planning A, , vol. 40(10), pages 2296-2312, October.
    16. Donna Easterlow & Susan J Smith, 2004. "Housing for Health: Can the Market Care?," Environment and Planning A, , vol. 36(6), pages 999-1017, June.
    17. Feng-Li Lin & Mei-Chih Wang & Hsien-Hung Kung, 2020. "Housing and Stock Market Nexus in the US," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 114-130.
    18. Garbarino, Nicola & Guin, Benjamin & Lee, Jonathan, 2022. "The Effects of Subsidized Flood Insurance on Real Estate Markets," Bank of England working papers 995, Bank of England.
    19. Diego Salzman, 2013. "Behavioural Real Estate," ERES eres2013_334, European Real Estate Society (ERES).
    20. Steven C. Bourassa & Donald R. Haurin & Jessica L. Haurin & Martin Hoesli & Jian Sun, 2009. "House Price Changes and Idiosyncratic Risk: The Impact of Property Characteristics," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 37(2), pages 259-278, June.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:envira:v:40:y:2008:i:3:p:520-535. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.