Safe as Houses?: The Uneven Integration of Housing, Mortgage, and Financial Markets

Paperback | September 14, 2018

bySusan J. Smith

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This is a book about the risks and rewards of home ownership in the 21st century. Using a range of vivid examples, it shows how housing markets work to concentrate wealth into property, how the role of mortgage markets has changed, and how financial markets have failed to manage the credit andinvestment risks to which home occupiers are exposed. A clear-sighted view of the problems of the housing economy, Safe as Houses? makes complex economic ideas accessible to an interdisciplinary readership. It exposes a kaleidoscope of overlapping markets whose workings tie the meagre budgets of the poorest home-buyers to the massive turnover of theworld's largest financial exchanges. Home ownership is a risky business. But in a thought-provoking analysis, Susan Smith argues that the precarious financial position of the average home-occupier may benefit as much from the cautious use of innovative instruments as from the wholesale dismantlingof financial capitalism.Interdisciplinary in style, drawing from cultural economy, material sociology, and economic anthropology, as well as from mainstream housing economics, this book provides a clear analysis of the housing market in the current financial crisis, with a practical edge, engaging with policy, practice,and everyday life.

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This is a book about the risks and rewards of home ownership in the 21st century. Using a range of vivid examples, it shows how housing markets work to concentrate wealth into property, how the role of mortgage markets has changed, and how financial markets have failed to manage the credit andinvestment risks to which home occupiers ar...

Susan J. Smith is Professor of Geography and a Director of the Institute of Advanced Study at Durham University. She is a graduate of Oxford University, a Fellow of the British Academy and of the Royal Society of Edinburgh, and a member of the Academy of Social Sciences. Her work on the housing economy is funded by the UK's Economic a...

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Format:PaperbackDimensions:288 pages, 9.21 × 6.14 × 0.68 inPublished:September 14, 2018Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199565562

ISBN - 13:9780199565566

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Table of Contents

IntroductionPart I: The Trade in Places1. Staging Homes2. What's in a Price?3. Emotional Economy4. A Piece of the PiePart II: Trade-in Places4. At Home with a Hybride of Money and Materials5. Wealthfare State6. Managing a Risky BusinessPart III: Trading Places7. Alternative Markets for Housing?8. Housing Futures: An Experiment9. Exploring the OptionsConclusion