Unwilling Subjects of Financialization.
This article seeks to advance debates about the financialization of housing by focusing on the emergence of rental housing as a frontier for financialization, a dynamic that is increasingly relevant since the global financial crisis. Situated in New York City, the research focuses on an aggressive w...
| Publicado en: | International Journal of Urban & Regional Research Vol. 41; no. 4; pp. 588 - 604 |
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| Formato: | Artículo |
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Wiley-Blackwell
Jul2017
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=125484982&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 125484982 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 03091317 IJU jtl: International Journal of Urban & Regional Research issn: 03091317 maglogo: Y pubinfo: dt: Jul2017 vid: 41 iid: 4 pid: 480 pub: Wiley-Blackwell artinfo: ui: 125484982 10.1111/1468-2427.12519 ppf: 588 ppct: 16 formats: tig: atl: Unwilling Subjects of Financialization. aug: au: Fields, Desiree affil: Department of Geography, University of Sheffield, Winter Street, Sheffield S10 2TN UK su: Housing finance Socioeconomic factors History Housing development History of urbanization Financial markets sug: subj: Housing finance Socioeconomic factors History Other Community Housing Services Investment Banking and Securities Dealing Securities and Commodity Exchanges Housing development History of urbanization Financial markets keyword: financialization New York private equity real estate rent‐stabilized housing rent-stabilized housing rental housing tenants financialization New York private equity real estate rent‐stabilized housing rent-stabilized housing rental housing tenants ab: This article seeks to advance debates about the financialization of housing by focusing on the emergence of rental housing as a frontier for financialization, a dynamic that is increasingly relevant since the global financial crisis. Situated in New York City, the research focuses on an aggressive wave of investment in affordable rent-stabilized properties by private equity firms, their efforts to release value from these properties, and the implications of the 2008 financial crisis for their investment strategies and thus for tenants' experience of home. Through detailed empirical analysis tracing the connections between how rental housing has been constituted as a new site for private equity investment globally, the local conditions facilitating this process in New York and how it reshaped everyday life for tenants, the article theorizes tenants as unwilling subjects of financialization. Yet unwillingness does not necessarily translate into being overtaken; it also connotes reluctance and indeed struggle. This novel conceptualization highlights the ways in which financialization meets with dissent, and its necessarily contingent and incomplete nature. The article therefore develops the wider intellectual project of understanding financialization not as a monolithic and inevitable process, but as one characterized by resistance from without and contradiction from within. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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