Owner occupation: at home in a spatial, financial paradox
International Journal of Housing Policy
Taylor & Francis
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Smith, S. (2015). Owner occupation: at home in a spatial, financial paradox. International Journal of Housing Policy, 15 61-83. https://doi.org/10.1080/14616718.2014.997432
The normalisation of home ownership is well-rehearsed, yet ongoing. In a bid to free up the intellectual, political and practical imagination around owner occupation, this paper confronts its absurdity. By way of four ‘thought experiments’, the text interrogates: a spatial paradox enabling housing services to deliver investment returns; a financial paradox enacted to wrest the rabbit of fiscal well-being from the hat of indivisible assets; some uncanny qualities infusing the security of home ownership; and the ill-fated anticipation that leveraged ownership might conjure something out of nothing where welfare needs arise. Having reviewed some limits to tenure-divided, ownership-centred housing systems, the paper concludes with a practical and ethical reflection on the future.
owner occupation, equity finance, housing wealth, mortgage debt
This paper draws lightly from three ESRC-funded projects: Banking on Housing [RES-154-25-002], Pathways of Housing Wealth and Wellbeing [RES-000-22-1985] and Trading Places [RES-051-27-0126].
External DOI: https://doi.org/10.1080/14616718.2014.997432
This record's URL: https://www.repository.cam.ac.uk/handle/1810/253675