The financialization of Danish cooperatives and the debasement of a collective housing good

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@article{d1dd30da255646f084c6d60a11697573,
title = "The financialization of Danish cooperatives and the debasement of a collective housing good",
abstract = "The article tells the story of Danish cooperative housing’s radical transformation from a collective housing good and commons to a financialized asset during the 2000s when neoliberal housing reforms were introduced and the mortgage finance market was deregulated. Processes of financialization of collectively-owned housing have to be understood not only in relation to the dynamics of the surrounding housing market and political-economic changes but also to the communities and social relations that they presuppose and feed off, often in contradictory ways, as people are motivated by both solidarity and private interests. Housing cooperatives have existed as a form of collective housing throughout the 20th century, balanced, on the one hand, between the reproduction of kin, family and local communities and the common good and, on the other, between the market and the reproduction of the base for both families, local communities and the larger public sharing the housing commons. During the 2000s, processes of financialization brought the market and the cooperatives' base so close together, primarily through new mortgaging opportunities, that families and communities have lost their savings and the base has been undermined, both in a material and an immaterial sense.",
author = "Bruun, {Maja Hojer}",
year = "2018",
journal = "Critique of Anthropology",
issn = "0308-275X",
publisher = "Sage Publications Ltd.",

}

RIS

TY - JOUR

T1 - The financialization of Danish cooperatives and the debasement of a collective housing good

AU - Bruun,Maja Hojer

PY - 2018

Y1 - 2018

N2 - The article tells the story of Danish cooperative housing’s radical transformation from a collective housing good and commons to a financialized asset during the 2000s when neoliberal housing reforms were introduced and the mortgage finance market was deregulated. Processes of financialization of collectively-owned housing have to be understood not only in relation to the dynamics of the surrounding housing market and political-economic changes but also to the communities and social relations that they presuppose and feed off, often in contradictory ways, as people are motivated by both solidarity and private interests. Housing cooperatives have existed as a form of collective housing throughout the 20th century, balanced, on the one hand, between the reproduction of kin, family and local communities and the common good and, on the other, between the market and the reproduction of the base for both families, local communities and the larger public sharing the housing commons. During the 2000s, processes of financialization brought the market and the cooperatives' base so close together, primarily through new mortgaging opportunities, that families and communities have lost their savings and the base has been undermined, both in a material and an immaterial sense.

AB - The article tells the story of Danish cooperative housing’s radical transformation from a collective housing good and commons to a financialized asset during the 2000s when neoliberal housing reforms were introduced and the mortgage finance market was deregulated. Processes of financialization of collectively-owned housing have to be understood not only in relation to the dynamics of the surrounding housing market and political-economic changes but also to the communities and social relations that they presuppose and feed off, often in contradictory ways, as people are motivated by both solidarity and private interests. Housing cooperatives have existed as a form of collective housing throughout the 20th century, balanced, on the one hand, between the reproduction of kin, family and local communities and the common good and, on the other, between the market and the reproduction of the base for both families, local communities and the larger public sharing the housing commons. During the 2000s, processes of financialization brought the market and the cooperatives' base so close together, primarily through new mortgaging opportunities, that families and communities have lost their savings and the base has been undermined, both in a material and an immaterial sense.

M3 - Journal article

JO - Critique of Anthropology

T2 - Critique of Anthropology

JF - Critique of Anthropology

SN - 0308-275X

ER -

ID: 259743027