Financialisation, home equity, and social reproduction: relational pathways of risk

Title:

Financialisation, home equity, and social reproduction: relational pathways of risk

Creator:

Castro Baker, Amy

Identifier:

https://cdk.lib.cas.cz/client/handle/uuid:f079e17f-d28c-47c7-ba15-8847bd0a3402
uuid:f079e17f-d28c-47c7-ba15-8847bd0a3402
doi:10.13060/23362839.2018.5.2.440

Subject:

financialisation, female homeowners, mortgage default, and social reproduction

Type:

model:article and TEXT

Format:

počítač and online zdroj

Description:

This paper argues that financialisation exacerbates gender inequity in the United States. During the Recession, wealth-stripping activities were targeted at 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.

Language:

English

Rights:

http://creativecommons.org/publicdomain/mark/1.0/
policy:public

Source:

Critical Housing Analysis | 2018 Volume:5 | Number:2

Harvested from:

CDK

Metadata only:

false