A Place Called Home
The Social Dimensions of Homeownership
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Estimated delivery time: In stock at the publisher, but not at Prospero's office. Delivery time approx. 3-5 weeks.
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Product details:
- Publisher OUP USA
- Date of Publication 2 November 2017
- ISBN 9780190653248
- Binding Hardback
- No. of pages210 pages
- Size 236x155x22 mm
- Weight 454 g
- Language English 0
Categories
Short description:
A Place Called Home explains that homeownership is associated with many positive and surprising non-financial outcomes, and also how and why this is so. The book ultimately argues that homeownership is an important social tool that can improve the lives of low- and moderate-income people.
MoreLong description:
Since the onset of the mortgage lending crisis and the subsequent Great Recession, there has been ongoing debate about the economic benefits of homeownership. Some say homeownership remains an important contributor to wealth creation, while others believe that renting is a less expensive and less risky option. This debate has raised an interesting question about homeownership: if the home is not guaranteed to provide a solid return on investment, is there a rationale for promoting homeownership beyond whatever financial benefits it may deliver?
The authors' research has provided tremendous insights into the extra-financial effects of affordable homeownership. It shows that homeowners, when compared with renters, have better health outcomes, experience less stress in times of financial hardship, experience a greater sense of trust in their neighbors, have access to more social capital resources, and are more likely to vote. Further, the data allows us to explore not only what benefits result from affordable homeownership, but how and why these benefits are transferred. The book ultimately argues that homeownership is not only important for financial reasons, but also functions as a social tool that can improve the lives of low- and moderate-income people.
Overall, Manturuk and colleagues make a convincing case that the social benefits of homeownership ought to be considered in future debates on the subject and low-income housing policy. A Place Called Home should be required reading for participants in these debates.
Table of Contents:
Acknowledgments
Foreword
Introduction
Chapter 1: Methods
Chapter 2: Physical Health Limitations and Financial Hardship
Chapter 3: Financial Stress and Satisfaction
Chapter 4: Mental Health and Sense of Control
Chapter 5: Local Voting
Chapter 6: Civic Engagement
Chapter 7: Social Capital
Chapter 8: Collective Efficacy and Perceived Crime
Chapter 9: Homeownership: Mechanisms and Dependencies
Conclusion
Afterword
References
Index
