The potential and implications of home equity release in old age
Bibliographic Data
| ID | 11484261 |
|---|---|
| Authors | Philip Leather (corresponding author) |
| Year | 1990 |
| Volume | 5 |
| Issue | 1 |
| Pages | 3-13 |
| Publication date | 1990-01-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Housing Studies (JOURNAL) |
| Journal identifiers | ISSN: 0267-3037 • E-ISSN: 1466-1810 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/02673039008720668 |
| OpenAlex | W1985576830 |
| Language | EN |
| Citations received | 11 |
| References cited | 6 |
Studies of the implications of wealth accumulation through owner occupation have begun to focus on the inheritance of housing wealth. This paper suggests that such studies give too little emphasis to the consumption of home equity by older people. To date, the use of home equity has been relatively insignificant but this reflects the limitations of existing equity release mechanisms rather than a lack of underlying demand. The scale of equity held by older people, the potential for new mechanisms, and survey evidence relating to the attitudes of older people themselves are examined in detail. In the context of declining standards of state provision of many services many older people may choose or be forced to make use of their wealth to meet a variety of needs. This not only requires a reappraisal of the role of home ownership in providing for old age but also raises major questions in relation to standards of provision for those without access to such wealth
Business · Consumption (sociology · Context (archaeology · Economics · Equity (law · Geography · Home equity · Labour economics · Political science · Public economics · Social science · Sociology · Variety (cybernetics · Housing Market and Economics · Housing, Finance, and Neoliberalism · Migration, Aging, and Tourism Studies
The Geography of Housing Wealth and Inheritance in Britain
Asset-based welfare
Shared ownership
Housing for Health
Special issue on the housing implications of an ageing society
Homeownership, saving and financial wealth
Financial effects of moving in old age
The trade-off between home-ownership and pensions
Equity Release Schemes and Equity Extraction by Elderly Households in Britain
Income, Capital and the Cost of Care in Old Age
A Nation of Inheritors? Housing Inheritance, Wealth and Inequality in Britain
| Unique citing works | 11 |
|---|---|
| Citations per year | 0,31 |
| Citation span | 1991 - 2018 (28) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 11 |