‘Generation Rent’ and Intergenerational Relations in The Era of Housing Financialisation

Home ownership has been in decline in a number of developed societies since the early-2000s driven, primarily, by declining entry among younger households who have been increasingly pushed into the rental sector. This trend has been associated with a growing intergenerational divide, or even conflict, and the emergence of ‘Generation Rent’. This paper explores the conditions surrounding diminishing access to owner-occupation among new households with a focus on the historic maturation of home ownership sectors, the restructuring of the political economy around financialized housing wealth and the inter-cohort dynamics surrounding the accumulation and transfer of housing wealth. The paper takes an international perspective drawing on evidence from two parallel, but contrasting cases: Japan and the UK. The analysis illustrates the interrelatedness of inter- and intra-generational inequalities, with the former reinforcing the latter. It also focuses on the role of families as both a moderator of generational inequity at the micro level as well as an enhancer of socioeconomic inequalities overall.

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Document Type
article
ISSN
2336-2839
Volume / Issue
5 / 2
Pages
14-26
Date of publication
8.12.2018

Cite this article

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Ronald, R. 2018. ‘‘Generation Rent’ and Intergenerational Relations in The Era of Housing Financialisation.’ Critical Housing Analysis 5 (2): 14-26. https://doi.org/10.13060/23362839.2018.5.2.439