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Home Owners' Perceptions of and Responses to Risk


  • Anwen Jones
  • Marja Elsinga
  • Deborah Quilgars
  • Janneke Toussaint


Home ownership sectors in most European countries have experienced growth in recent decades and by the mid-1990s the majority of EU15 households were home owners. While a great deal of attention has been paid to the rise in home ownership per se, the extent to which households in different EU member states strategize about the positive and negative risks of home ownership, particularly in relation to other risks in their lives, has not been researched. Contemporary debate suggests that society is a riskier one than in earlier times and home owners face a number of risks associated with changes in labour markets and national social security systems. This paper draws on interviews with households across eight European member states and examines households' perceptions of the security and insecurity aspects of home ownership and their responses to perceived risk. The analysis suggests that respondents' views are shaped by a wide range of factors, including at least to some extent the institutional context. Overall, however, respondents tended not to perceive negative risks and demonstrated a strong belief in the security aspects of home ownership.

Suggested Citation

  • Anwen Jones & Marja Elsinga & Deborah Quilgars & Janneke Toussaint, 2007. "Home Owners' Perceptions of and Responses to Risk," International Journal of Housing Policy, Taylor & Francis Journals, vol. 7(2), pages 129-150.
  • Handle: RePEc:taf:intjhp:v:7:y:2007:i:2:p:129-150 DOI: 10.1080/14616710701308539

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    References listed on IDEAS

    1. Karl E. Case & Robert J. Shiller, 1988. "The behavior of home buyers in boom and post-boom markets," New England Economic Review, Federal Reserve Bank of Boston, issue Nov, pages 29-46.
    2. Trevor Fitzpatrick & Kieran Mcquinn, 2007. "House Prices And Mortgage Credit: Empirical Evidence For Ireland," Manchester School, University of Manchester, vol. 75(1), pages 82-103, January.
    3. Irene de Greef & Ralph de Haas, 2002. "Housing Prices, Bank Lending, and Monetary Policy," Macroeconomics 0209010, EconWPA.
    4. Martins, Nuno C. & Villanueva, Ernesto, 2006. "The impact of mortgage interest-rate subsidies on household borrowing," Journal of Public Economics, Elsevier, vol. 90(8-9), pages 1601-1623, September.
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    Home ownership; risk; security; insecurity; Europe;


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