TRANSFORMING SOCIAL HOUSING INTO AN ASSET CLASS : REITs and the Financialization of Supported Housing in England
TRANSFORMING SOCIAL HOUSING INTO AN ASSET CLASS : REITs and the Financialization of Supported Housing in England
复制标题
将社会住房转变为资产类别：房地产投资信托基金和英格兰支持性住房的金融化
DOI：
10.1111/1468-2427.13228
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发表时间：
2024
影响因子：
3.3
通讯作者：
Goulding R
中科院分区：
文献类型：
--
作者：
Goulding R
本文通过房地产投资信托基金(REITs)和其他投资基金进入英国专门的保障性住房，探讨了金融化中的风险治理。支助住房是一种护理住宿形式，旨在使学习障碍者等弱势群体能够更独立地生活。自2014年以来，投资者一直瞄准该行业，开发了一种回租模式，由于不可持续的租金和至少一个住房协会濒临破产，这种模式引发了争议。这篇文章通过询问金融化如何通过在该行业强制实施“护理措施”来产生风险，利用包括采访、金融和媒体报道以及法院和监管文件在内的定性数据，对这些动态进行了解读。在回答这个问题时，它认为，住房作为一种私人商品和作为社会再生产的集体手段之间的角色之间的矛盾造成了紧张，这表明金融化可能受到限制。
This article explores the governance of risk in financialization through the entry of Real Estate Investment Trusts (REITs) and other investment funds into specialized supported housing in England. Supported housing is a form of care accommodation intended to enable vulnerable groups such as people with learning disabilities to live more independently. Since 2014, investors have targeted the sector, developing a leaseback model that has encountered controversy due to unsustainable rents and the near bankruptcy of at least one housing association. The article unpacks these dynamics by asking how financialization has generated risk through the imposition of a ‘care fix’ in the sector, drawing on qualitative data including interviews, financial and media reports, and court and regulatory documents. In answering this question, it argues that the contradiction between housing's role as a private commodity and as a collective means of social reproduction generates tensions that suggest potential limits to financialization.