IDEAS home Printed from https://ideas.repec.org/a/taf/houspd/v30y2020i4p486-511.html
   My bibliography  Save this article

Mexico’s Housing Paradox: Tensions Between Financialization and Access

Author

Listed:
  • Alejandra Reyes

Abstract

The main aim of this article is to analyze the participation of different government levels and institutions in promoting the financialization of housing in Mexico. Furthermore, it examines some of the implications of following this logic, particularly at the local and household levels, such as surmounting mortgage debt, the clustering of vacant and abandoned housing, and, ultimately, the reproduction of poor housing conditions. Since the late 1990s, millions of households have acquired mortgages to buy homes in the periurban fringes of Mexican cities. Such new sprawling housing developments, however, have offered limited access to economic opportunities, and have imposed a significant burden on local governments to provide infrastructure and services. Many families have also seen their mortgage debt increase, forcing many of them to leave their dwellings behind. By 2010, Mexico had the highest vacancy rate among member countries of the Organisation for Economic Co-operation and Development, and about a third of Mexicans still live in precarious housing conditions. Such paradoxical coexistence, I argue, exposes a tension between the financialization of and the right to housing, and the extent to which the former has trumped the latter.

Suggested Citation

  • Alejandra Reyes, 2020. "Mexico’s Housing Paradox: Tensions Between Financialization and Access," Housing Policy Debate, Taylor & Francis Journals, vol. 30(4), pages 486-511, July.
  • Handle: RePEc:taf:houspd:v:30:y:2020:i:4:p:486-511
    DOI: 10.1080/10511482.2019.1709879
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/10511482.2019.1709879
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: https://libkey.io/10.1080/10511482.2019.1709879?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
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

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


    Cited by:

    1. Gandhi, Sahil & Green, Richard K. & Patranabis, Shaonlee, 2022. "Insecure property rights and the housing market: Explaining India’s housing vacancy paradox," Journal of Urban Economics, Elsevier, vol. 131(C).
    2. Ann Varley & Clara Salazar, 2021. "THE IMPACT OF MEXICO’S LAND REFORM ON PERIURBAN HOUSING PRODUCTION: Neoliberal or Neocorporatist?," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 45(6), pages 964-984, November.

    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:taf:houspd:v:30:y:2020:i:4:p:486-511. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RHPD20 .

    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.