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SUMMARY:Game of Homes: The Financialisation of Housing - Prof Manuel Aalbe
 rs
DTSTART:20180502T111500Z
DTEND:20180502T124500Z
UID:TALK105925@talks.cam.ac.uk
CONTACT:Geography/SPRI Webmaster
DESCRIPTION:A global wall of money is looking for High-Quality Collateral 
 (HQC) investments\, and housing is one of the few asset classes considered
  HQC. This explains why housing is increasingly becoming financialised\, b
 ut it does not explain its timing\, politics and geography. Examples from 
 the UK\, the US\, the Netherlands\, Germany\, Italy and Spain illustrate n
 ot only the emergence and commonalities of housing financialisation but al
 so the continued relevance of national as well as local histories and inst
 itutions. Due to the financialisation of housing\, housing risks are incre
 asingly financial market risks these days—and vice versa. Yet\, the rela
 tions between housing and financialisation remain under-researched and und
 er-theorised. Since the 1970s\, mortgage markets have been transformed fro
 m a “facilitating market” for homeowners in need of credit to one incr
 easingly facilitating global investment. Likewise\, subsidised rental hous
 ing has become exposed to global financial markets through the use of soci
 al housing bonds and financial derivatives as well as through the rise of 
 corporate landlords such as private equity firms and real estate firms lis
 ted at the stock exchange.\n\nManuel B. Aalbers is a human geographer\, so
 ciologist\, urban planner and associate professor of Human Geography at KU
  Leuven (University of Leuven) in Belgium. He is the coordinator of the Re
 al Estate/Financial Complex research project on the intersection of real e
 state (including housing)\, finance and states. Manuel has published on re
 dlining\, social and financial exclusion\, neighbourhood change (including
  decline and gentrification)\, the privatisation of social housing and the
  Anglophone hegemony in academia. He is the author of "The Financialisatio
 n of Housing: A political economy approach" (Routledge\, 2016) "Place\, Ex
 clusion\, and Mortgage Markets" (Wiley-Blackwell\, 2011) and the editor of
  "Subprime Cities: The Political Economy of Mortgage Markets" (Wiley-Black
 well\, 2012). He is also the associate editor of the "Encyclopedia of Urba
 n Studies" (Sage\, 2010) and of geography journal TESG. He also sits on th
 e board of the journals Urban Studies\, Transactions of the Institute of B
 ritish Geographers\, Belgeo\, Tijdschrift voor de Volkshuisvesting and Geo
 grafie.
LOCATION:S1 Alison Richard Building
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