Resisting devaluation
Foreclosure, eminent domain law, and the geographical political economy of risk
Datos Bibliográficos
| ID | 4740705 |
|---|---|
| Autores | Brett Christophers (0000-0002-6245-7378, Uppsala University, autor de correspondencia), Christopher Niedt (Hofstra University) |
| Año | 2016 |
| Volumen | 48 |
| Número | 3 |
| Páginas | 485-503 |
| Fecha de publicación | 2016-03-01 |
| Peer Reviewed | Sí |
| Open Access | Sí |
| Tipo | ARTICLE |
| Revista | Environment and Planning A Economy and Space (JOURNAL) |
| Identificadores de la revista | ISSN: 0308-518X • E-ISSN: 1472-3409 |
| Editorial | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1177/0308518x15610579 |
| OpenAlex | W2341046888 |
| Idioma | EN |
| Citas recibidas | 16 |
| Referencias citadas | 19 |
This article examines recent plans for US municipalities to use the state legal power of eminent domain to forcibly acquire "underwater" mortgages (i.e. those with negative equity), and to refinance them on terms more favorable to the homeowners in question, as a way of addressing in a socially progressive way the nation's ongoing foreclosure crisis. The article makes three main arguments. The first is that insofar as the plan threatens to disrupt prevailing norms of value distribution and risk bearing, it represents a fundamental challenge to the existing political economy of urban financial capitalism in the US and the law's mediation thereof. The second is that value, risk, and their mediation through law must be understood in the context of geographical unevenness and shifting scales of legal governance. The third is that the geographical political economy associated with the eminent domain plan is about discourses-of risk, of markets, and indeed of law per se-no less than materialities; and that the two are indelibly linked, with discourses having material effects when, through law, they structure value and risk for the manifold actors who operate within the sphere of housing finance
Capitalism · Corporate governance · Economics · Economy · Eminent Domain · Foreclosure · Mediation · Political economy · Political science · Politics · Sociology · History · Housing Market and Economics · Housing, Finance, and Neoliberalism · Law · Urban Planning and Governance · Finance
Comparing asset-based welfare capitalism
The Role of the State in the Transfer of Value from Main Street to Wall Street
Urban struggles with financialization
Transforming Social Housing Into an Asset Class
Managing decline
Anti-Public Finance? The Democratic Effects of Municipal Bond Markets
Value at Risk in the Suburbs
(Re-)writing markets
Value models
In value's shadows
Legal affordances in global wealth chains
Planning, uncertainty and risk
Incendiary assets
Reterritorializing economic governance
The state's estate
Constructing a New Asset Class
Crisis Cities
The New Lombard Street
Centring Housing in Political Economy
Austerity urbanism
Analyzing Census tract foreclosure risk rates in mature and developing suburbs in the United States
Value
Catastrophe bonds and financial risk
Geographical Knowledges and Neoliberal Tensions
The Financial Exception and the Reconfiguration of Credit Risk in US Mortgage Markets
Cartographies of Race and Class
The Law's Markets
On arbitration, arbitrage and arbitrariness in financial markets and their governance
| Obras citantes distintas | 16 |
|---|---|
| Citas por año | 1,45 |
| Intervalo de citas | 2015 - 2024 (10) |
| Velocidad de citación | recent |
| Altamente citado | No |
| Tipos de cita | Neutras: 16 |