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No home for poor men: a comparative study of household debt and homeownership in Denmark and Turkey
[journal article]
Abstract Homeownership rates have declined in several countries including Denmark and Turkey since 2010. A majority of the decline in homeownership has been observed among low income holders. This variation finding comparative case study compares similar patterns of neoliberal housing policies to examine wea... view more
Homeownership rates have declined in several countries including Denmark and Turkey since 2010. A majority of the decline in homeownership has been observed among low income holders. This variation finding comparative case study compares similar patterns of neoliberal housing policies to examine wealth inequalities based on homeownership despite fundamental differences in housing markets and welfare state provision. The comparison of Denmark and Turkey reveals similar adoption of policies that support financialization as a strategy to recover from financial crises. This paper examines how states have supported financialization with policies that allowed deregulations in the housing market to create an enabling environment for construction and real estate-specific growth, and how neoliberal housing policies positioned homeownership, a wealth symbol, as the core tenet of asset-based welfare that increased wealth inequalities. The outcome of this paper shows that neoliberal housing policies have generated new forms of inequality between low and high-income earners to access housing in both countries in different ways to produce a similar outcome.... view less
Keywords
Denmark; Turkey; indebtedness; condominium; distribution of wealth; welfare; housing policy; financial crisis; housing market; inequality; social assistance
Classification
Social Problems
Sociology of Settlements and Housing, Urban Sociology
Free Keywords
asset-based welfare; homeownership; wealth inequalities; EU-SILC
Document language
English
Publication Year
2022
Page/Pages
p. 2239-2261
Journal
Journal of Housing and the Built Environment, 37 (2022) 4
DOI
https://doi.org/10.1007/s10901-022-09930-8
ISSN
1573-7772
Status
Published Version; peer reviewed