Alexandri, G and Janoschka, M orcid.org/0000-0002-6092-9052 (2018) Who Loses and Who Wins in a Housing Crisis? Lessons From Spain and Greece for a Nuanced Understanding of Dispossession. Housing Policy Debate, 28 (1). pp. 117-134. ISSN 1051-1482
Abstract
The emerging postcrisis geographies in Southern Europe are intrinsically related to debt and dispossession. In Spain, mortgage homeownership and indebtedness led to housing dispossessions, while in Greece, skyrocketing private indebtedness is eventually arranged through housing foreclosures. Building upon the notion of accumulation by dispossession, i.e., on the way capital accumulates wealth in the era of neoliberal globalization, this article elaborates two novel concepts to understand the housing crises in both countries. The perception of dispossession by odious taxation describes the process of wealth extraction facilitated by financial mechanisms in Greece, and dispossession by political fraud is conceived as a characterization of fraudulent political arrangements and financial tools used for orchestrating housing stealth in Spain. This nurtures the perception that a comparative insight on the processes of dispossession in the Spanish and Greek housing markets may facilitate a nuanced understanding over the interrelated processes of contemporary housing restructuring.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2017, Virginia Polytechnic Institute and State University. This is an Accepted Manuscript of an article published by Taylor & Francis in Housing Policy Debate on 26 June 2017, available online: https://doi.org/10.1080/10511482.2017.1324891. Uploaded in accordance with the publisher's self-archiving policy. |
Keywords: | Housing, crisis, accumulation by dispossession, financialization, European Union, Spain, Greece |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Environment (Leeds) > School of Geography (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 11 Jul 2017 14:31 |
Last Modified: | 26 Dec 2018 01:38 |
Status: | Published |
Publisher: | Taylor & Francis |
Identification Number: | 10.1080/10511482.2017.1324891 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:118808 |