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Short-Term Rentals and the Housing Market

Airbnb and Amenity: Is Short-Term Letting Reshaping How We Live in the City?

Airbnb and Amenity: Is Short-Term Letting Reshaping How We Live in the City?

The popularity of short-term letting (STL) platforms like Airbnb has created housing and planning challenges for cities worldwide, including the potential impact of STL on the quality of life of nearby residents and communities. Underpinning this concern is an inherent tension in urban living between the rights and interests of individual residents, and the collective rights and interests of neighbours. Through interviews with Australian Airbnb hosts, this paper examines how STL hosts navigate this tension, including how they frame their property rights, how they seek to minimise their impact on neighbours, and how they perceive the role of regulation in balancing individual and community rights. In doing so the paper contributes to both theory and policy debates about urban property rights and how ‘compact city’ planning orthodoxies are reshaping the lived experience of urban residents worldwide.

22.6.2021 | Laura Crommelin, Sharon Parkinson, Chris Martin, Laurence Troy | Volume: 8 | Issue: 1 | Pages: 119-128 | 10.13060/23362839.2021.8.1.528

Housing Market Access in the Lisbon Metropolitan Area: Between the Financial and the Pandemic Crises

Housing Market Access in the Lisbon Metropolitan Area: Between the Financial and the Pandemic Crises

The Portuguese housing market underwent major transformations between 2010 and 2020. Until then, a delicate but resentful stability had long existed, with distorted rent schemes and low annual price increases proportional to the national economy and the income of the Portuguese population. After the financial crisis, several internal and external variables converged to dramatically change this scenario. In recent years, a growing number of researchers have centred their attention on the difficulties that the Portuguese urban middle-class populations are facing in trying to find homes. This paper analyses these challenges and their impact quantitatively, focusing on the affordability of housing for purchase or rent and considering synthetic indicators for average household incomes in the Lisbon Metropolitan Area between the beginning of 2016 and the end of 2019. The results show that the cost of buying or renting a house in the main Portuguese urban system has become much more detached from local incomes. The article concludes with reflections on the structural reasons for the enduring inequalities in the housing markets and the difficulties recognising territorial cohesion and spatial justice as important elements shaping urban and housing policies in Portugal.

24.11.2020 | Gonçalo Antunes, João Seixas | Volume: 7 | Issue: 2 | Pages: 58-72 | 10.13060/23362839.2020.7.2.515

Choice or No Choice? Genuine or Fake Choice? – A Qualitative Study for Reflecting on Housing Choice

Choice or No Choice? Genuine or Fake Choice? – A Qualitative Study for Reflecting on Housing Choice

This paper seeks to reflect on issues related to the nature of housing choice, drawing on qualitative empirical data collected in in-depth interviews.  This paper discusses two perspectives related to housing choice, namely, the ‘market perspective of housing choice’ and the ‘perspective of housing choice for well-being’. The ‘market perspective of housing choice’ highlights that desirability generally increases with a greater range of housing choice as the housing supply increases till a climax is reached, after which a further expansion of housing choice may indicate an excess housing supply, which may not be advantageous and home-buyers may instead ‘decide not to choose or buy’.  The ‘perspective of housing choice for well-being’ reveals that choice in the housing arena is often viewed as a means to eventual well-being, rather than as an end in itself.  Housing choice is ‘genuine’ and ‘meaningful’ if there are meaningful and significant options among a few desirable housing alternatives. ‘Fake housing choice’ involves having to choose from among housing options that are all generally bad.

27.7.2020 | Betty Yung, Barbara Y.P. Leung | Volume: 7 | Issue: 2 | Pages: 1-10 | 10.13060/23362839.2020.7.2.510
Varieties of Housing Regime Approaches

Rethinking the Concept of ‘Housing Regime’

Rethinking the Concept of ‘Housing Regime’

‘Housing regime’ is a term that is used relatively often in (macrosocial) research comparing housing policies and systems. However, there is no generally accepted definition of this term. In this paper I shall first scrutinise previous uses of the concept, starting with a discussion of the most famous regime concept – the welfare regime. The discussion paves the way for a redefinition of a ‘housing regime’: the set of fundamental principles according to which housing provision operates in some defined area (municipality, region, state) at a particular point in time. Such principles are thought to be embodied in the institutional arrangements that relate to housing provision, in the political interventions that address housing issues, and as in the discourses through which housing issues are customarily understood. This definition is compatible with the path-dependence approach that has been adopted here and with the aspects of reality that researchers want to capture using the ‘regime’ concept.

7.6.2020 | Hannu Ruonavaara | Volume: 7 | Issue: 1 | Pages: 5-14 | 10.13060/23362839.2020.7.1.499
Varieties of Housing Regime Approaches

Incremental Change in Housing Regimes: Some Theoretical Propositions with Empirical Illustrations

Incremental Change in Housing Regimes: Some Theoretical Propositions with Empirical Illustrations

The durable structures of housing and housing institutions are often subject to long-term processes of incremental change. Nevertheless, housing studies have largely focused either on static snapshots of policies or, more recently, on the inertia of institutional path dependence, while processes of incremental change have been almost entirely neglected. Political scientists (Streeck/Thelen/Mahoney) have proposed a typology of patterns of incremental institutional change, and this paper explores the applicability of this typology to housing structures and housing institutions. We draw on empirical illustrations from the housing literature to show how five types of change – layering, conversion, displacement, drift, exhaustion – apply to housing structures and institutions. We conclude with some general observations on how the typology can be used in further studies of developments in national housing regimes.

6.6.2020 | Bo Bengtsson, Sebastian Kohl | Volume: 7 | Issue: 1 | Pages: 15-24 | 10.13060/23362839.2020.7.1.500
Varieties of Housing Regime Approaches

Integrating Varieties of Capitalism, Welfare Regimes, and Housing at Multiple Levels and in the Long Run

Integrating Varieties of Capitalism, Welfare Regimes, and Housing at Multiple Levels and in the Long Run

The title conveys all the elements of this article. The typologies of capitalist economies, the typologies of welfare regimes, and the typologies of rental and owner-occupied housing regimes should be synchronised and combined, not selectively, but systematically. Integration will have to determine the multiple levels to which these typologies can be applied and on which they can interact. Owing to the persistence of housing institutions and buildings, a long-term (historical) view is also suggested – at all levels of analysis.

2.6.2020 | Walter Matznetter | Volume: 7 | Issue: 1 | Pages: 63-73 | 10.13060/23362839.2020.7.1.504

Exploring Young Europeans’ Homeownership Opportunities

Exploring Young Europeans’ Homeownership Opportunities

Even before the 2008/9-crisis but certainly afterwards, trends in labour, housing and mortgage markets combined with welfare reform, making it more difficult for each new cohort of young Europeans (25-34) to complete the transition to ‘residential independence’, particularly to become a homeowner. This paper explores ‘trends in homeownership opportunities’, using data from EU-SILC (2005-2018). It takes a broader perspective by exploring trends in its social selectivity, as well as changes in the ‘attributes’ of homeownership over time. Young adults’ homeownership opportunities have declined almost everywhere in Europe, but to varying extents. Furthermore, a more socially selective group of young homeowners seems to be entering properties of lower quality in locations with fewer services. Deteriorating homeownership opportunities are strongly associated with mortgage lending restrictions, indicating that trends in housing and broader financial markets/policies are important explanatory factors. I also find indications that the transition to homeownership is being pushed beyond the commonly-used age-threshold of 34 years.

31.5.2020 | Caroline Dewilde | Volume: 7 | Issue: 1 | Pages: 86-102 | 10.13060/23362839.2020.7.1.506

Family Housing Pathways: An Introduction to the Study of Housing in Poland in Biographical and Historical Perspectives

Family Housing Pathways: An Introduction to the Study of Housing in Poland in Biographical and Historical Perspectives

The article describes the approach and method of Family Housing Pathways. This process of gathering and presenting data makes it possible to include the extended family’s housing resources, the management of these resources, and the transformations of households within a family. Twenty-eight Family Housing Pathways were gathered and collected as part of an assignment given to students as part of an undergraduate course on housing problems. The exercise shed light on recurring themes in the transformation of the housing system in Poland that influence individual and family management of housing resources. Even a sample of relatively privileged families demonstrates that housing is clearly a crucial dimension, especially in times of transition, e.g. in post-communist Poland after 1989. The Family Housing Pathways approach could be a promising tool as well as an approach that combines biographical and historical housing perspectives, without losing sight of concerns of a practical and ethical nature.

16.12.2019 | Magdalena Mostowska | Volume: 6 | Issue: 2 | Pages: 13-23 | 10.13060/23362839.2019.6.2.488

Order and Timing of Home Ownership and Fertility Decisions in Australia

Order and Timing of Home Ownership and Fertility Decisions in Australia

The birth of a child and transition into home ownership are markers of progression along a life course. Research shows that pathways to home ownership have become more diverse and deviate from the traditional pathway which was characterised by marriage followed by the birth of a child before entering home ownership. This study investigates the timing and order of the two interrelated events of birth of a child and the transition to home ownership in Australia. Using the Household, Income and Labour Dynamics in Australia panel survey, we apply a multi-process event history analysis for describing the timing of each event following the formation of a cohabiting relationship. The results suggest that the likelihood of birth increases with prior home ownership attainment but as time passes following the purchase of a home, the likelihood of birth decreases, similarly, the likelihood of home ownership attainment decreased with time following birth.

20.2.2019 | Melanie Spallek, Michele Haynes | Volume: 6 | Issue: 1 | Pages: 9-21 | 10.13060/23362839.2019.6.1.445

The Diverse Economies of Housing

The Diverse Economies of Housing

This paper questions the uncritical transfer of neoliberal concepts, such as financialisation and overreliance on conceptual dichotomies like formal/informal, as the lenses through which to understand practices of housing provision and consumption in the post-communist space. To this end, it introduces the newly-established ‘diverse economies’ framework, which has been used elsewhere to reveal existing and possible alternatives to advanced capitalism. Applied to the Romanian case, the lens of diverse economic practices helps shed light on the ways in which the current housing system was historically constituted, with implications for how housing consumption is now stratified across some related housing typologies. The paper invites debate on the theoretical usefulness of the diverse economies framework to study housing phenomena, particularly its implications for understanding patterns of inequality and poverty, its potential to devise useful analytical categories, and its effect of directing attention to acts of resistance to neoliberal capitalism.

18.2.2019 | Adriana Mihaela Soaita | Volume: 6 | Issue: 1 | Pages: 32-41 | 10.13060/23362839.2019.6.1.454

Correlation of Homeowners Associations and Inferior Property Value Appreciation

Correlation of Homeowners Associations and Inferior Property Value Appreciation

North to south migration in the U.S. and housing developers’ claims of benefits led to exponential growth in neighbourhood homeowners associations during recent decades. Sanctioned by state laws, association rules governing homeowners are usually initiated by developers who claim that the rules protect property values. But the claim is not supported by empirical analysis. Inflation adjusted annual percentage returns in consecutive sales of a sample of 900 most recent home sales in Duval County Florida, Pima County Arizona and St. Louis County Missouri during late 2017 and early-2018 were examined. The results revealed that the annual percentage returns on homes sold in homeowners associations were significantly less than those of homes in other neighbourhoods statistically controlling for property characteristics and prevailing economic conditions at the time of the original purchase. Correlates of home prices at any point in time are not predictive of percentage return from purchase to sale.

17.2.2019 | Leon Robertson | Volume: 6 | Issue: 1 | Pages: 42-50 | 10.13060/23362839.2019.6.1.455
Housing Financialisation and Families

Housing and Asset Based Stratification in the Enrichment Economy

Housing and Asset Based Stratification in the Enrichment Economy

This paper explores the ways in which housing wealth is producing new forms of differentiation among households. In doing so, it will argue that ‘asset based welfare’ is now better conceived as ‘asset based social stratification’ and that social class rather than generation remains the primary social divide. However, these class divides are increasingly shaped by the differential ability to accumulate and deploy primarily housing -based assets. These new forms of social (re) stratification will vary societally, temporally and spatially and are currently most evident in what can be described as older, mature home ownership societies. But similar developments and emerging fissures can be observed in newer, ultra home -ownership societies such as China and in the broader interconnections between the mobilization of family assets and the shift from consumer to market societies.

9.12.2018 | Ray Forrest | Volume: 5 | Issue: 2 | Pages: 4-13 | 10.13060/23362839.2018.5.2.438
Housing Financialisation and Families

‘Generation Rent’ and Intergenerational Relations in The Era of Housing Financialisation

‘Generation Rent’ and Intergenerational Relations in The Era of Housing Financialisation

Home ownership has been in decline in a number of developed societies since the early-2000s driven, primarily, by declining entry among younger households who have been increasingly pushed into the rental sector. This trend has been associated with a growing intergenerational divide, or even conflict, and the emergence of ‘Generation Rent’. This paper explores the conditions surrounding diminishing access to owner-occupation among new households with a focus on the historic maturation of home ownership sectors, the restructuring of the political economy around financialized housing wealth and the inter-cohort dynamics surrounding the accumulation and transfer of housing wealth. The paper takes an international perspective drawing on evidence from two parallel, but contrasting cases: Japan and the UK. The analysis illustrates the interrelatedness of inter- and intra-generational inequalities, with the former reinforcing the latter. It also focuses on the role of families as both a moderator of generational inequity at the micro level as well as an enhancer of socioeconomic inequalities overall.

8.12.2018 | Richard Ronald | Volume: 5 | Issue: 2 | Pages: 14-26 | 10.13060/23362839.2018.5.2.439
Housing Financialisation and Families

Financialisation, Home Equity, and Social Reproduction: Relational Pathways of Risk

Financialisation, Home Equity, and Social Reproduction: Relational Pathways of Risk

This paper argues that financialisation exacerbates gender inequity in the United States. During the Recession, wealth-stripping activities targeted single female homeowners prompting severe asset depletion among single women, people of color, and those who depend on them. Rather than protecting them from risk, their home equity and bodies absorbed the failures of capitalism within their network. The paper draws on a thematic analysis of interviews with 21 single female homeowners who experienced mortgage default. Rather than focusing on risk incidence, I take their relational pathways as the object of inquiry demonstrating how activities of gendered care work act as conduits and amplifiers of financialised risk that extends the responsibility for unpaid social provision throughout the lifespan. The analysis demonstrates how their status as homeowners positioned them in between market failures and the consequences of austerity thereby restructuring the function of home equity.

7.12.2018 | Amy Castro Baker | Volume: 5 | Issue: 2 | Pages: 27-34 | 10.13060/23362839.2018.5.2.440
Housing Financialisation and Families

The Ongoing Role of Family in the Provision of Housing in Greece during the Greek Crisis

The Ongoing Role of Family in the Provision of Housing in Greece during the Greek Crisis

The importance of the institution of family in housing practices has deep historical roots in Greece, and families tend to follow certain housing strategies such as late emancipation from the parental home, intergenerational house transfers and financial support for housing. Providing and maintaining a housing solution for young members is one of the top worries in this geographical region, and it is relieved via intergenerational micro-solidarities. Moreover, today’s crisis and austerity are threatening, through indirect budgetary cuts and rising taxation, the housing well-being of the citizenry which is supported only by family welfare. Nonetheless, the family still constitutes the main shock absorber of social and economic turbulence, but at what price?

6.12.2018 | Myrto Dagkouli - Kyriakoglou | Volume: 5 | Issue: 2 | Pages: 35-45 | 10.13060/23362839.2018.5.2.441
Housing Financialisation and Families

Informal Practices in Housing Financialisation: The Transformation of an Allotment Garden in Hungary

Informal Practices in Housing Financialisation: The Transformation of an Allotment Garden in Hungary

Although financialization of housing is well known global concept, in our paper we attempt to present how financialization produces new spaces and household practises in a Central Eastern European semi-pheripheral context. We approach this framework through an anthropological investigation, the transformation of allotment gardens what we consider as a combination of social and spatial transformations after the 1990s. In our case study we are curious how different waves of financialization influence the formation of the transformation of an informal housing space and how informal practices of the households could be an agency against financialization.

5.12.2018 | Andras Vigvari, Ágnes Gagyi | Volume: 5 | Issue: 2 | Pages: 46-55 | 10.13060/23362839.2018.5.2.442
Social Housing after the GFC: Further Evidence

Social Housing Provided by the Third Sector: The Slovak Experience

Social Housing Provided by the Third Sector: The Slovak Experience

This paper aims to describe the legislation of the social housing system in Slovakia and to analyse innovations in social housing provision. The paper contributes to the literature on innovative social housing solutions provided by non-governmental organisations (NGOs), or so-called third sector. The analysis reveals the main factors that may contribute to the success or failure of social innovations in housing provision by NGOs. Long-term community work, the education of future residents, and the participation of future residents in the construction of their homes are the main factors that support the spread of innovations in social housing. On the other hand, lack of cooperation from the government at all levels and low funding are the biggest constraining factors on innovation in social housing in Slovakia.

23.12.2017 | Mária Murray Svidroňová, Beata Mikušová Meričková, Juraj Nemec, Helena Kuvíková | Volume: 4 | Issue: 2 | Pages: 67-75 | 10.13060/23362839.2017.4.2.387
Social Housing after the GFC: New Trends across Europe

The Social Homeownership Model – the Case of Norway

The Social Homeownership Model – the Case of NorwayThis article gives a brief overview of recent developments in Norwegian social housing emphasizing the years after the global financial crisis (GFC). In Norway, mass homeownership has been an important part of social housing in the post-war period. The GFC led to a more rigorous housing finance system, which in turn affected the possibilities of young adults entering homeownership. Nevertheless, the share of young homeowners has been stable or even growing in recent years. Today, social housing mainly refers to a rather marginal system providing housing for the most vulnerable groups.
24.6.2017 | Hans Christian Sandlie, Lars Gulbrandsen | Volume: 4 | Issue: 1 | Pages: 52-60 | 10.13060/23362839.2017.4.1.324
Social Housing after the GFC: New Trends across Europe

More Social Housing? A Critical Analysis on Social Housing Provision in Spain

More Social Housing? A Critical Analysis on Social Housing Provision in SpainSince the 1950s Spain has developed a set of policies aimed at stimulating ownership through subsidies mainly in the form of interest rates or mortgage quotas to developers and households neglecting other forms of housing provision, for instance social rent. That system provided one off benefit to the developer and/or the purchaser and could not be reused to help other households. The financial crisis in 2008 evidenced the weakness of the Spanish housing system in providing affordable and secure shelter by means other than homeownership. The existent housing provision system failed to avoid the large number of evictions while simultaneously banks became owners of a large amount of empty dwellings. To some extent, the severity of the situation exerted considerable political pressure to devise a new framework for action to alleviate the housing problem in Spain. In this paper based on the post -crisis evidence we argue the need to reformulate approaches to provide adequate and affordable housing for certain collectives in Spain
17.6.2017 | Montserrat Pareja-Eastaway, Teresa Sánchez-Martínez | Volume: 4 | Issue: 1 | Pages: 124-131 | 10.13060/23362839.2017.4.1.331
Social Housing after the GFC: New Trends across Europe

Moving to a New Housing Pattern? New Trends in Housing Supply and Demand in Times of Changing. The Portuguese Case

Moving to a New Housing Pattern? New Trends in Housing Supply and Demand in Times of Changing. The Portuguese CaseThis article aims to explain the effects of the recent economic and financial crisis on housing conditions and the ability of Portuguese families to access housing. It also intends to discuss how the crisis is reconfiguring the housing patterns, in terms of access to housing and changes in public policies, questioning the predominant mode of access to housing based on homeownership. This article also discusses the role of social housing in the Portuguese housing system and the changes and challenges in this sector coming from the economic and financial constraints of families and the state. This article is structured in three parts. The first is an overview of the Portuguese housing system and social housing in particular, highlighting the conditions and reasons that led to a reduced social housing stock and to the predominance of homeownership. The second part discusses the impact of the crisis on families and the state, trying to demonstrate how the constraints on both are translated into (1) worsening housing conditions, (2) a diversification of groups struggling to access housing in the private market and (3) a reduction of affordable housing, pressing the social housing sector. Finally, the third part is a reflection on the changes that the crisis has had in the orientation of housing policies and their instruments, arguing that the patterns of the Portuguese housing system are changing with emphasis on the need to diversify the housing supply to increasingly diverse groups in housing need.
16.6.2017 | Teresa Costa Pinto | Volume: 4 | Issue: 1 | Pages: 131-141 | 10.13060/23362839.2017.4.1.332
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