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

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  • 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
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    References listed on IDEAS

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    1. 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.
    2. Donna Easterlow & Susan J Smith, 2004. "Housing for Health: Can the Market Care?," Environment and Planning A, , vol. 36(6), pages 999-1017, June.
    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.
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    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.

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