'Generation rent' and the ability to 'settle down': economic and geographical variation in young people's housing transitions. Journal of Youth Studies, 20(1), pp. 63-78.There may be differences between this version and the published version. You are advised to consult the publisher's version if you wish to cite from it.http://eprints.gla.ac.uk/147165/
AbstractThe term 'Generation Rent' denotes young people who are increasingly living in the private rented sector for longer periods of their lives because they are unable to access homeownership or social housing. Drawing on qualitative data from two studies with young people and keyactors, this paper considers the phenomenon of 'Generation Rent' from the perspective of youth transitions and the concept of 'home'. These frameworks posit that young people leaving the parental home traverse housing and labour markets until they reach a point of 'settling down'. However, our data indicate that many young people face difficulties in this 'settling' process as they have to contend with insecure housing, unstable employment and welfare cuts which often force them to be flexible and mobile. This leaves many feeling frustrated as they struggle to remain fixed in place in order to 'settle down' and benefit from the positive qualities of home. Taking a Scottish focus, this paper further highlights the geographical dimension to these challenges and argues that those living in expensive and/or rural areas may find it particularly difficult to settle down.
Abstract'Generation Rent' reflects the growing phenomenon in the UK of young people living in the private rental sector for longer periods of their lives. This is a significant change given the importance of leaving home in youth transitions to adulthood. It is further critical given the rapid expansion of the private rented sector in the UK in recent decades, and the more limited rights such private tenants have. This paper draws on qualitative evidence to highlight the impact this has on young peoples' lives, and broader patterns of social-spatial inequality.Our research highlights that whilst young people maintain long-term preferences for homeownership they nonetheless deconstructed this normalized ideal as a 'fallacy of choice', for it was unachievable in reality. Influenced by the work of Foucault, Bourdieu and Bauman, we emphasize how these dominant norms of housing consumption are in tension with objective reality, for their ability to become 'responsible homeowners' is tempered by their material resources and the local housing opportunities available to them. Nonetheless, this does not exempt them from the 'moral distinctions' being made in which renting is problematized and constructed as 'flawed consumption'. These conceptual arguments advance international scholarly debates about the governance of consumption, offering a novel theoretical lens through which to examine the difficulties facing 'Generation Rent'.
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Ongoing neoliberal policies have realigned the links between housing and welfare, positioning residential property investment--commonly through homeownership and exceptionally also through landlordism--at the core of households' asset-building strategies. Nonetheless the private rented sector (PRS) has been commonly portrayed as a tenure option for tenants rather than a welfare strategy for landlords. Drawing on qualitative interviews with landlords across Great Britain, we explore landlords' different motivations in engaging in landlordism; and the ways in which their property-based welfare strategies are shaped by the particular intersection of individual socioeconomic and life-course circumstances, and the broader socioeconomic and financial environment. By employing a constructionist grounded approach to research, our study contributes to a more nuanced understanding of the different ways that asset-based welfare strategies operate within the PRS. We draw attention to an understudied nexus between homeownership and landlordism which we argue represents a promising route for future research.
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