 Asset-based Welfare, Equity Release and the Meaning of the Owned HomeLorna Fox O'mahony and Louise Overton Housing Studies, 2015, vol. 30, issue 3, 392-412 Abstract: The advantages of ownership--both financial and personal--were a prominent theme in UK government policies promoting owner-occupation in the latter half of the twentieth century. More recently, the liberal discourses of the 'ownership society' have been conflated with the neo-liberalisation of welfare to restructure the socio-political ideology of ownership around accumulation and decumulation of housing wealth. This paper analyses findings from a new qualitative study to explore the tensions that this shift has created for owner-identities. Equity release transactions provide a prime context to explore the role of homeownership ideologies on participation in asset-based welfare: these are conceived as products that enable older owners to de-cumulate housing equity while continuing to occupy their homes and retaining the 'badge' of ownership. This paper focuses on the impact of housing wealth decumulation through equity release on the meanings of the owned home and to reflect on the role of feelings about ownership on participation in asset-based welfare. Date: 2015 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:taf:chosxx:v:30:y:2015:i:3:p:392-412 Ordering information: This journal article can be ordered from DOI: 10.1080/02673037.2014.963523 Access Statistics for this article Housing Studies is currently edited by Chris Leishman, Moira Munro, Ray Forrest, Alex Schwartz, Hal Pawson and John Flint More articles in Housing Studies from Taylor & Francis Journals |
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