Housing and Asset Based Stratification in the Enrichment Economy

Ray FORREST*

*Corresponding author for this work

Research output: Journal PublicationsJournal Article (refereed)Researchpeer-review

3 Citations (Scopus)

Abstract

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.

Original languageEnglish
Pages (from-to)4-13
Number of pages10
JournalCritical Housing Analysis
Volume5
Issue number2
DOIs
Publication statusPublished - 9 Dec 2018

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assets
stratification
housing
ownership
economy
society
fissure
mobilization
social stratification
interconnection
social class
market
welfare
China
ability
family
household

Keywords

  • Comparative housing policy
  • Home ownership
  • Private rented markets

Cite this

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title = "Housing and Asset Based Stratification in the Enrichment Economy",
abstract = "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.",
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Housing and Asset Based Stratification in the Enrichment Economy. / FORREST, Ray.

In: Critical Housing Analysis, Vol. 5, No. 2, 09.12.2018, p. 4-13.

Research output: Journal PublicationsJournal Article (refereed)Researchpeer-review

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AB - 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.

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