A small history of the homeownership ideal

Arbeitspapier

America's "infatuation with homeownership" has been identified as one cause of the latest financial crisis. Based on codings of 1,809 party manifestos in 19 OECD countries since 1945, this paper addresses the question of where the political ideal to democratize homeownership came from. While conservative parties have defended homeownership across countries and time, center-left parties have oscillated between a pro-homeownership and a pro-rental position. The former occurs in Anglo-Saxon, Northern and Southern European countries, while the latter prevails among German-speaking countries. Beyond partisan effects, once a country has a majority of homeowners and parties defending homeownership, larger parties are more likely to support it. The extent of center-left parties' support for homeownership is conditionally associated with higher homeownership rates, more encouraging mortgage regimes, and a bigger housing bubble burst after 2007. The ideational origins of the financialization of housing and private Keynesianism are, after all, not only conservative and market-liberal.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: MPIfG Discussion Paper ; No. 18/6

Classification and Topics

• Classification: Sozialwissenschaften, Soziologie, Anthropologie
• Subject: comparative politics ; homeownership ; political economy ; Hauseigentum ; politische Ökonomie ; vergleichende Parteienforschung

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Kohl, Sebastian
• Event: Veröffentlichung
• (who): Max Planck Institute for the Study of Societies
• (where): Cologne
• (when): 2018

Further information

• Handle: http://hdl.handle.net/10419/180216
• Last update: 10.03.2025, 11:45 AM CET