Tenure transitions at the edges of ownership
Reinforcing or challenging the status quo
Bibliographic Data
| ID | 4139366 |
|---|---|
| Authors | Rachel Ong (0000-0001-8557-8802, Curtin University, corresponding author), W A V Clark (0000-0003-4944-1926, Geography, University of California, Los Angeles, CA, USA), Susan J Smith (0000-0001-7705-2077, University of Cambridge), Graeme A Wood (0000-0002-1465-3016, RMIT University), William Lisowski (0000-0002-5501-7550, Easton, PA, USA), N T Khuong Truong (0000-0002-4545-6955, Curtin University), Melek Cigdem (0000-0002-4200-4056, RMIT University) |
| Year | 2021 |
| Volume | 53 |
| Issue | 8 |
| Pages | 1993-2011 |
| Publication date | 2021-11-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Environment and Planning A Economy and Space (JOURNAL) |
| Journal identifiers | ISSN: 0308-518X • E-ISSN: 1472-3409 |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1177/0308518x211038946 |
| OpenAlex | W3197347054 |
| Language | EN |
| Citations received | 11 |
| References cited | 27 |
This paper provides an empirical overview of housing tenure transitions in Australia, the UK and the USA during a period of unprecedented economic instability in 2001-2017. Focusing on the neglected theme of episodic homeownership, we profile those who straddle the tenure divide by moving into and out of renting from time to time. Using panel data we model this 'churn' in three jurisdictions, showing that even the dislocation of a global financial crisis does not eclipse the independent impact of life events during rental spells. We find that whatever individuals bring from prior ownership, shocks occurring during a rental spell - unemployment, loss of a partner, additional dependent children - can be sufficient to prevent return. Churning is also health- and age-selective, adding 'drop-out' among the old to 'lock-out' for the young as a policy concern. Even those who successfully regain owner-occupation increase their credit and investment risks without necessarily improving their housing position. Overall 'churners' are a diverse constituency whose life chances are powerfully shaped by episodic ownership: what they share is time spent in an unacknowledged, under-instituted space between tenures where there is latent demand for innovative financial services and untapped potential for radical policy shifts
Business · Demographic economics · Disadvantaged · Economic growth · Economics · Housing tenure · Labour economics · Market economy · Political science · Renting · Sociology · Spell · Status quo · Straddle · Unemployment · Financial Literacy, Pension, Retirement Analysis · Housing Market and Economics · Housing, Finance, and Neoliberalism · Finance
Rightsize’
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| Unique citing works | 11 |
|---|---|
| Citations per year | 2,75 |
| Citation span | 2022 - 2026 (5) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 11 |