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Beds for rent

Author

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  • White, Tim

Abstract

Housing has long been the quintessential rentier asset. But under financialized capitalism its enrolment into accumulation dynamics has greatly intensified. As investors increasingly turn to residential real estate in search of corporate rents, the logic of assetization is reaching novel locations in the housing process – extending to new scales, metrics and micro-morphologies. This paper argues one such novel location is that most intimate and familiar of places: the bed. Bringing together constructivist and political economy approaches to assets and drawing on the empirical case of co-living, the bed is identified as both a technical tool for projecting and enhancing income from real estate, and a strategy for de-risking investments by hyper-focusing on the necessities of life. Reducing domestic space to a technology for bare repose, bed-as-asset offers key insights into how the rhythms of housing are being harmonized with the needs of investors.

Suggested Citation

  • White, Tim, 2024. "Beds for rent," LSE Research Online Documents on Economics 120046, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:120046
    as

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    File URL: http://eprints.lse.ac.uk/120046/
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    References listed on IDEAS

    as
    1. Frances Brill & Daniel Durrant, 2021. "The emergence of a Build to Rent model: The role of narratives and discourses," Environment and Planning A, , vol. 53(5), pages 1140-1157, August.
    2. Fabian Muniesa, 2014. "The Provoked Economy," Post-Print halshs-01113031, HAL.
    3. Paul Langley, 2020. "Assets and assetization in financialized capitalism," Review of International Political Economy, Taylor & Francis Journals, vol. 28(2), pages 382-393, October.
    4. Kim McKee & Adriana Mihaela Soaita & Jennifer Hoolachan, 2020. "‘Generation rent’ and the emotions of private renting: self-worth, status and insecurity amongst low-income renters," Housing Studies, Taylor & Francis Journals, vol. 35(8), pages 1468-1487, September.
    5. Megan Nethercote, 2020. "Build-to-Rent and the financialization of rental housing: future research directions," Housing Studies, Taylor & Francis Journals, vol. 35(5), pages 839-874, May.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    beds; assetization; financialization; rent; co-living; housing;
    All these keywords.

    JEL classification:

    • J1 - Labor and Demographic Economics - - Demographic Economics

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