Mortgage Foreclosure and Health Disparities: Serial Displacement as Asset Extraction in African American Populations

Abstract

In this paper we offer a conceptualization of mortgage foreclosure as serial displacement by highlighting the current crisis in the context of historically repeated extraction of capital-economic, social, and human-from communities defined at different scales: geographically, socially, and that of embodied individuals. We argue that serial displacement is the loss of capital, physical resources, social integration and collective capacity, and psycho-social resources at each of these scales, with losses at one level affecting other levels. The repeated extraction of resources has negative implications for the health of individuals and groups, within generations as well as across generations, through the accumulation of loss over time. Our analysis of the foreclosure crisis as serial displacement for African American households in the United States begins with the "housing niche" model. We focus on the foreclosure crisis as an example of the interconnectedness of structured inequality in health and housing. Then we briefly review the history of policies related to racial inequality in homeownership in the twentieth and twentyfirst centuries. We end with an analysis of the scales of displacement and the human, social, and capital asset extraction that accompany them.

Spatial Analysis of Clustering of Foreclosures in the Poorest-Quality Housing Urban Areas: Evidence from Catalan Cities

“…Relationships have also been observed with increases in crime rates [27][28][29][30][31] and racial segregation [32,33]. Several studies have also focused on the negative effects that increases in the number of foreclosures have had on public health [34][35][36][37] and on how different groups of local residents perceive the quality of life in their respective neighborhoods [38].…”

Race, Power and Economic Extraction in Benton Harbor, MI

“…By using the term extraction, I place the economic activities of the elite in the same context as the poor, to show how wealth and poverty are created together. I also draw on the notion of "serial resource extraction" (Saegert, Fields, & Libman, 2011), formulated to describe the racialized subprime mortgage crisis, but applicable to a much broader range of practices. My theoretical intervention is to challenge the metaphor implicit in the language of "growth", which erroneously suggests, as McFarlane has pointed out (2013), that development produces "extra" wealth.…”

Conseqüències psicològiques i socials del fenomen del desnonament: un estudi qualitatiu

“…La pèrdua de control sobre les condicions de l'habitatge, que alhora genera problemes de salut física i mental, es proposa com un mecanisme explicatiu de la relació amb l'estrès psicològic (Sandel i Wright, 2006). A més, l'estrès financer relacionat amb el pagament d'una hipoteca, la por a perdre l'ha-bitatge, o a «quedarse sense sostre i emmalaltir» (James, 2008;Krieger i Higgins, 2002), causen una pèrdua de capacitat per afrontar l'economia familiar i una manca de seguiment de les cures mèdiques requerides a diferents edats (Alley, Lloyd, Pagán, Pollack, Shardell i Cannuscio, 2011;Pollack, Kurd, Livshits, Weiner i Lynch, 2011;Saegert, Fields i Libman, 2011) existint una relació demostrada amb el suïcidi (Fowler, Gladden, Vagi, Barnes, i Frazier, 2015).…”