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Safe as Houses? The Uneven Integration of Housing, Mortgage, and Financial Markets



Pub. Date:
Oxford University Press
List Price: $42.61

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Questions About This Book?

What version or edition is this?
This is the edition with a publication date of 8/15/2018.
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  • The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any CDs, lab manuals, study guides, etc.


This is a book about the risks and rewards of home ownership in the 21st century. Using a range of vivid examples, it shows how housing markets work to concentrate wealth into property, how the role of mortgage markets has changed, and how financial markets have failed to manage the credit andinvestment risks to which home occupiers are exposed. A clear-sighted view of the problems of the housing economy, Safe as Houses? makes complex economic ideas accessible to an interdisciplinary readership. It exposes a kaleidoscope of overlapping markets whose workings tie the meagre budgets of the poorest home-buyers to the massive turnover of theworld's largest financial exchanges. Home ownership is a risky business. But in a thought-provoking analysis, Susan Smith argues that the precarious financial position of the average home-occupier may benefit as much from the cautious use of innovative instruments as from the wholesale dismantlingof financial capitalism.Interdisciplinary in style, drawing from cultural economy, material sociology, and economic anthropology, as well as from mainstream housing economics, this book provides a clear analysis of the housing market in the current financial crisis, with a practical edge, engaging with policy, practice,and everyday life.

Author Biography

Susan J. Smith is Professor of Geography and a Director of the Institute of Advanced Study at Durham University. She is a graduate of Oxford University, a Fellow of the British Academy and of the Royal Society of Edinburgh, and a member of the Academy of Social Sciences. Her work on the housing economy is funded by the UK's Economic and Social Research Council: it is interdisciplinary in style, drawing from cultural economy, material sociology, and economic anthropology, as well as from mainstream housing economics; and it has a practical edge, engaging with policy, practice, and everyday life. Employing a range of qualitative methods alongside more conventional quantitative tools, Professor Smith is concerned with the changing character of housing investment, trends in mortgage equity withdrawal, and the volatile landscape of housing risk. She has written over 100 books and articles on housing and related themes.

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