Title

Coping strategies, housing careers and households with negative equity

Document Type

Journal article

Source Publication

Journal of Social Policy

Publication Date

7-1-1996

Volume

25

Issue

3

First Page

369

Last Page

394

Publisher

Cambridge University Press

Abstract

The prolonged and pervasive recession in the UK property market has produced significant numbers of households with unsecured housing debt - negative equity. These homeowners are typically recent, firsttime buyers and are concentrated in the southern core regions of Britain. Various aggregate estimates exist of the numbers of households with unsecured debt and the amounts of money involved; little is known, however, about individual experiences of negative equity. Here, in-depth interview data are drawn on to explore the different strategies adopted by households in varying social and financial circumstances. Findings are related to more general changes in housing market behaviour and to broader theoretical debates about the growth of home ownership.

DOI

10.1017/S0047279400023655

Print ISSN

00472794

E-ISSN

14697823

Publisher Statement

Copyright © Cambridge University Press 1996

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Recommended Citation

Forrest, R., & Kennett, P. (1996). Coping strategies, housing careers and households with negative equity. Journal of Social Policy, 25(3), 369-394. doi: 10.1017/S0047279400023655