Housing (In)Equity and the Spatial Dynamics of Homeownership in France: A Research Agenda

Renaud Le Goix; Laure Casanova Enault; Loïc Bonneval; Thibault Le Corre; Eliza Benites-Gambirazio; Guilhem Boulay; William Kutz; Natacha Aveline-Dubach; Julien Migozzi; Ronan Ysebaert

doi:10.1111/tesg.12460

Housing (In)Equity and the Spatial Dynamics of Homeownership in France: A Research Agenda

Renaud Le Goix, Laure Casanova Enault, Loïc Bonneval, Thibault Le Corre, Eliza Benites-Gambirazio, Guilhem Boulay, William Kutz, Natacha Aveline-Dubach, Julien Migozzi, Ronan Ysebaert

Research output: Contribution to journal › Article › peer-review

Abstract

This paper advances a research agenda on how asset-based welfare policies, residential market volatility, stratified accumulation and vulnerability impinge upon the geography of inequality in property markets. Since the mid-1990s, housing prices have increased faster than the income of buyers, becoming a driver of social polarisation and household vulnerability. Few studies have however explicitly linked socio-spatial inequality to asset capitalisation, instability and vulnerability in residential housing markets. We employ an empirically-grounded investigation of the factors driving and reinforcing these dynamics, what we conceptualise as a feedback loop mediating particular housing finance regimes. Drawing on three French cities (Paris, Lyon, and Avignon) our study develops a comparative framework to interpret the relational effects of price, equity and homeowner vulnerability on the production of inequality across different geographical scales. Our approach puts into conversation debates concerning housing markets, social inequality, and ordinary financialisation in the period since the Global Financial Crisis.

Original language	English
Pages (from-to)	62-80
Number of pages	19
Journal	Tijdschrift Voor Economische en Sociale Geografie
Volume	112
Issue number	1
DOIs	https://doi.org/10.1111/tesg.12460
Publication status	Published - 2021 Feb
Externally published	Yes

Bibliographical note

Funding Information:
This paper was prepared under the ANR WIsDHoM project, Wealth inequalities and the dynamics of housing markets. (ANR-18-CE41-0004). The transactions BIEN proprietary database was made available by Paris Notaire Service, on the behalf of the Chamber of the Notaries, under an agreement contracted by the LabEx DynamiTe (ANR-11-LABX-0046) consortium and the Univ. Paris 1 Pantheon-Sorbonne. And infinite thanks to the Menthonnex 2018 and 2019 #AcWri team: “We have opened the space for writing. Let’s make it hospitable”. We also wish to thank the three anonymous referees for valuable comments and criticisms on thee earlier version, and therefore their contribution. The usual disclaimers apply.

Publisher Copyright:
© 2020 The Authors. Tijdschrift voor Economische en Sociale Geografie published by John Wiley & Sons Ltd on behalf of Royal Dutch Geographical Society / Koninklijk Nederlands Aardrijkskundig Genootschap

Subject classification (UKÄ)

Human Geography
Economics
Economic Geography
Economic History

Free keywords

financialisation
France
Housing
inequalities
ownership
wealth

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.1111/tesg.12460Licence: CC BY-NC

Cite this

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title = "Housing (In)Equity and the Spatial Dynamics of Homeownership in France: A Research Agenda",

abstract = "This paper advances a research agenda on how asset-based welfare policies, residential market volatility, stratified accumulation and vulnerability impinge upon the geography of inequality in property markets. Since the mid-1990s, housing prices have increased faster than the income of buyers, becoming a driver of social polarisation and household vulnerability. Few studies have however explicitly linked socio-spatial inequality to asset capitalisation, instability and vulnerability in residential housing markets. We employ an empirically-grounded investigation of the factors driving and reinforcing these dynamics, what we conceptualise as a feedback loop mediating particular housing finance regimes. Drawing on three French cities (Paris, Lyon, and Avignon) our study develops a comparative framework to interpret the relational effects of price, equity and homeowner vulnerability on the production of inequality across different geographical scales. Our approach puts into conversation debates concerning housing markets, social inequality, and ordinary financialisation in the period since the Global Financial Crisis.",

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note = "Funding Information: This paper was prepared under the ANR WIsDHoM project, Wealth inequalities and the dynamics of housing markets. (ANR-18-CE41-0004). The transactions BIEN proprietary database was made available by Paris Notaire Service, on the behalf of the Chamber of the Notaries, under an agreement contracted by the LabEx DynamiTe (ANR-11-LABX-0046) consortium and the Univ. Paris 1 Pantheon-Sorbonne. And infinite thanks to the Menthonnex 2018 and 2019 #AcWri team: “We have opened the space for writing. Let{\textquoteright}s make it hospitable”. We also wish to thank the three anonymous referees for valuable comments and criticisms on thee earlier version, and therefore their contribution. The usual disclaimers apply. Publisher Copyright: {\textcopyright} 2020 The Authors. Tijdschrift voor Economische en Sociale Geografie published by John Wiley & Sons Ltd on behalf of Royal Dutch Geographical Society / Koninklijk Nederlands Aardrijkskundig Genootschap",

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AU - Le Corre, Thibault

AU - Benites-Gambirazio, Eliza

AU - Boulay, Guilhem

AU - Kutz, William

AU - Aveline-Dubach, Natacha

AU - Migozzi, Julien

AU - Ysebaert, Ronan

N1 - Funding Information: This paper was prepared under the ANR WIsDHoM project, Wealth inequalities and the dynamics of housing markets. (ANR-18-CE41-0004). The transactions BIEN proprietary database was made available by Paris Notaire Service, on the behalf of the Chamber of the Notaries, under an agreement contracted by the LabEx DynamiTe (ANR-11-LABX-0046) consortium and the Univ. Paris 1 Pantheon-Sorbonne. And infinite thanks to the Menthonnex 2018 and 2019 #AcWri team: “We have opened the space for writing. Let’s make it hospitable”. We also wish to thank the three anonymous referees for valuable comments and criticisms on thee earlier version, and therefore their contribution. The usual disclaimers apply. Publisher Copyright: © 2020 The Authors. Tijdschrift voor Economische en Sociale Geografie published by John Wiley & Sons Ltd on behalf of Royal Dutch Geographical Society / Koninklijk Nederlands Aardrijkskundig Genootschap

PY - 2021/2

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N2 - This paper advances a research agenda on how asset-based welfare policies, residential market volatility, stratified accumulation and vulnerability impinge upon the geography of inequality in property markets. Since the mid-1990s, housing prices have increased faster than the income of buyers, becoming a driver of social polarisation and household vulnerability. Few studies have however explicitly linked socio-spatial inequality to asset capitalisation, instability and vulnerability in residential housing markets. We employ an empirically-grounded investigation of the factors driving and reinforcing these dynamics, what we conceptualise as a feedback loop mediating particular housing finance regimes. Drawing on three French cities (Paris, Lyon, and Avignon) our study develops a comparative framework to interpret the relational effects of price, equity and homeowner vulnerability on the production of inequality across different geographical scales. Our approach puts into conversation debates concerning housing markets, social inequality, and ordinary financialisation in the period since the Global Financial Crisis.

AB - This paper advances a research agenda on how asset-based welfare policies, residential market volatility, stratified accumulation and vulnerability impinge upon the geography of inequality in property markets. Since the mid-1990s, housing prices have increased faster than the income of buyers, becoming a driver of social polarisation and household vulnerability. Few studies have however explicitly linked socio-spatial inequality to asset capitalisation, instability and vulnerability in residential housing markets. We employ an empirically-grounded investigation of the factors driving and reinforcing these dynamics, what we conceptualise as a feedback loop mediating particular housing finance regimes. Drawing on three French cities (Paris, Lyon, and Avignon) our study develops a comparative framework to interpret the relational effects of price, equity and homeowner vulnerability on the production of inequality across different geographical scales. Our approach puts into conversation debates concerning housing markets, social inequality, and ordinary financialisation in the period since the Global Financial Crisis.

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KW - inequalities

KW - ownership

KW - wealth

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JF - Tijdschrift Voor Economische en Sociale Geografie

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ER -

Housing (In)Equity and the Spatial Dynamics of Homeownership in France: A Research Agenda

Abstract

Bibliographical note

Subject classification (UKÄ)

Free keywords

UN SDGs

Access to Document

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Cite this