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作者

来源

HOUSING STUDIES,Vol.32,Issue6,P.793-815

语言

英文

关键字

Subprime lending; financial practices; financialization; FORECLOSURE CRISIS; CREDIT; HOME; FINANCIALISATION; COMMUNITY; GEOGRAPHY; MARKETS; POLICY; MONEY; RISK

作者单位

[Reid, Carolina K.] Univ Calif Berkeley, Dept City & Reg Planning, Berkeley, CA 94720 USA. Reid, CK (reprint author), Univ Calif Berkeley, Dept City & Reg Planning, Berkeley, CA 94720 USA. E-Mail: c_reid@berkeley.edu

摘要

This paper extends scholarship on the everyday practices' of global finance by specifically examining the decisions, motivations, and financial practices of homeowners caught up in the subprime lending boom in California. Drawing on evidence from 80 in-depth interviews in Oakland and Stockton, the paper explores how homeowners enacted their own subject positions within the financial ecologies of subprime markets. The research enriches and complicates our understanding of the interplay between financialization and the formation of financial subjects, and highlights how race and class, affective ties, and distinct socio-spatial relations shape and inform borrowers' financial decisions and practices, even during a period of excessive credit access and house price speculation.