H. Christie
The emotional economy of housing
Christie, H.; Smith, S.J.
Authors
S.J. Smith
Abstract
This paper offers an interpretation of the role of emotions in animating housing markets which complements more traditional economic and behavioural studies of locally based house-price inflation. Looking to debates within social psychology and cultural studies we suggest that emotions permeate the materiality and meaning of housing markets as well as the experience of individuals acting within them. Drawing on qualitative interviews conducted in Edinburgh, with households who bought in a rising market, we argue that housing transactions are emotional as well as economic affairs. We reconsider the fears that underpin what might appear to be ‘irrational exuberance’ and we argue that housing markets are propelled by a search for returns on emotional as well as financial investments.
Citation
Christie, H., & Smith, S. (2008). The emotional economy of housing. Environment and Planning A, 40(10), 2296-2312. https://doi.org/10.1068/a39358
Journal Article Type | Article |
---|---|
Publication Date | Oct 1, 2008 |
Deposit Date | Apr 22, 2016 |
Publicly Available Date | Mar 29, 2024 |
Journal | Environment and Planning A |
Print ISSN | 0308-518X |
Electronic ISSN | 1472-3409 |
Publisher | SAGE Publications |
Peer Reviewed | Peer Reviewed |
Volume | 40 |
Issue | 10 |
Pages | 2296-2312 |
DOI | https://doi.org/10.1068/a39358 |
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Copyright Statement
This article is distributed under the terms of the Creative Commons Attribution-NonCommercial 3.0 License (http://www.creativecommons.org/licenses/by-nc/3.0/) which permits non-commercial use, reproduction and distribution of the work without further permission provided the original work is attributed as specified on the SAGE and Open Access page(http://www.uk.sagepub.com/aboutus/openaccess.htm).
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