《The Death and Life of Private Landlordism: How Financialized Homeownership Gave Birth to the Buy-To-Let Market》

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作者
Manuel B. Aalbers;Cody Hochstenbach;Jelke Bosma;Rodrigo Fernandez
来源
HOUSING THEORY & SOCIETY,Vol.,Issue
语言
英文
关键字
作者单位
a Division of Geography & Tourism, KU Leuven/University of Leuven, Leuven, Belgium;b Department of Geography, Planning and International Development Studies, University of Amsterdam, Amsterdam, The Netherlands;c Department of Media Studies, University of Amsterdam, Amsterdam, The Netherlands;d The Centre for Research on Multinational Corporations (SOMO), Amsterdam, The Netherlands
摘要
The private rental sector (PRS) is making a surprising comeback. A central argument in our paper is that we see the rise of PRS and the associated stagnation of homeownership as springing from the contradictions inherent to financialized homeowner societies. Rather than a feature of either mature or late homeowner societies, contradictions of the promotion of homeownership through the expansion of mortgage markets paved the way for a revival of the PRS. Our case is the Netherlands, but our argument has a wider remit. We sketch the dominant trends in Dutch housing policy and present an overview of the rise of PRS and Buy-To-Let in Dutch cities. We identify how housing policies and realities have driven a shift from a debt-driven to a wealth-driven model of financialization, in which the demand for PRS as an investment class and as a place to live has become central.