Geographies of hyper-commodified housing: foreign capital, market activity, and housing stress

Rogers, D; Nelson, J; Wong, A

Geographies of hyper-commodified housing: foreign capital, market activity, and housing stress

Rogers, D Nelson, J

Wong, A

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Publication Type:: Journal Article
Citation:: Geographical Research, 2018, 56 (4), pp. 434 - 446
Issue Date:: 2018-11-01

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Field	Value	Language
dc.contributor.author	Rogers, D	en_US
dc.contributor.author	Nelson, J https://orcid.org/0000-0001-7848-0604	en_US
dc.contributor.author	Wong, A	en_US
dc.date.issued	2018-11-01	en_US
dc.identifier.citation	Geographical Research, 2018, 56 (4), pp. 434 - 446	en_US
dc.identifier.issn	1745-5863	en_US
dc.identifier.uri	http://hdl.handle.net/10453/132771
dc.description.abstract	© 2018 Institute of Australian Geographers The latest manifestation of Asian-led foreign real estate investment in some global cities is contributing to housing becoming a liquid, global asset. Drawing on empirical data about Sydneysiders’ reported levels of real estate market activity, housing stress, and views about foreign real estate investment, we found that those who are financially invested in Sydney's local real estate market are generally more supportive of the presence of foreign investors and investment than are those not invested in that market. We also found that there were no significant comparative differences in beliefs about foreign investment between those who are in housing stress and those who are not. On the strength of those findings, we ask whether a degree of commonality is developing around a set of ideological reference points related to the commodification of housing. As housing in global cities is increasingly commodified and financialized, these ideological reference points could be boosting its commodification across boundaries of cultural difference and political jurisdiction. We conclude by suggesting the need for a new line of inquiry through which scholars could investigate the politics of globalised hyper-commodified housing in order to expose the ideological reference points that serve to bolster the commodification of housing.	en_US
dc.relation.ispartof	Geographical Research	en_US
dc.relation.isbasedon	10.1111/1745-5871.12280	en_US
dc.subject.classification	Geography	en_US
dc.title	Geographies of hyper-commodified housing: foreign capital, market activity, and housing stress	en_US
dc.type	Journal Article
utslib.citation.volume	4	en_US
utslib.citation.volume	56	en_US
utslib.for	1604 Human Geography	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Arts and Social Sciences
pubs.organisational-group	/University of Technology Sydney/Faculty of Arts and Social Sciences/Social and Political Sciences Program
utslib.copyright.status	closed_access
pubs.issue	4	en_US
pubs.publication-status	Published	en_US
pubs.volume	56	en_US

Abstract:

© 2018 Institute of Australian Geographers The latest manifestation of Asian-led foreign real estate investment in some global cities is contributing to housing becoming a liquid, global asset. Drawing on empirical data about Sydneysiders’ reported levels of real estate market activity, housing stress, and views about foreign real estate investment, we found that those who are financially invested in Sydney's local real estate market are generally more supportive of the presence of foreign investors and investment than are those not invested in that market. We also found that there were no significant comparative differences in beliefs about foreign investment between those who are in housing stress and those who are not. On the strength of those findings, we ask whether a degree of commonality is developing around a set of ideological reference points related to the commodification of housing. As housing in global cities is increasingly commodified and financialized, these ideological reference points could be boosting its commodification across boundaries of cultural difference and political jurisdiction. We conclude by suggesting the need for a new line of inquiry through which scholars could investigate the politics of globalised hyper-commodified housing in order to expose the ideological reference points that serve to bolster the commodification of housing.

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http://hdl.handle.net/10453/132771