Wealth Inequalities and the Dynamics of Housing Market. Interpreting real-estate market-based regime of spatial inequalities (WIsDHoM)ProgrammePRCCE412018. Final report ; Wealth Inequalities and the Dynamics of Housing Market. Interpreting real-estate market-based regime of spatial inequalities (WIsDHoM)ProgrammePRCCE412018. Compte-rendu de fin de projet

Rapport approuvé par l'ANR et autorisé à diffusion. ; Wealth Inequalities and the Dynamics of Housing MarketThe project investigates how asset-based welfare policies, residential market volatility, stratified accumulation and vulnerability impinge upon the geography of inequality in property markets. Since the 1990s, housing prices have increased faster than the income of buyers, becoming a driver of social polarization and household vulnerability. We investigate the links between socio-spatial inequality, asset capitaliation, instability and vulnerability in residential housing markets.An empirical study of the reinforcing factors of inequalities, conceptualized as feedback between prices, types of markets, and housing finance regimes.We investigate to what extent contemporary social inequality is shaped by one’s relationship to spatially stratified housing markets. We hypothesize that the flow of real estate investments and residential housing production are predicated upon the intensifying financial stratification of urban inequalities at the neighborhood level. This complex socio-spatial layering is what we refer to as a housing finance regime (HFR), or a system of national and local incentives for accessing credit associated with the spatial variability of income and housing prices. Using disaggregated datasets on property transactions, household surveys, and homeowner insights on residential mobility, we analyzed the spatial, behavioral and financial trajectories of households in relation to housing price dynamics among three French cities (Paris, Lyon, Avignon). This project provides an understanding of how housing finance regimes (HFR) play out ‘on the ground’ both by linking the financial dynamics of residential markets to the production of socio-spatial inequalities at different scales.Interpreting housing-based inequalities from three interrelated scales of action- Our comparative analysis draws upon case studies from Paris, Lyon, and Avignon in order to characterize prices, income, and other ...