Abstract
This paper takes a cultural-economy approach to the analysis of the operation of local housing markets, providing an insight into how local market actors 'know the market' and enact, or 'perform', the business of local housing. Drawing on a qualitative study of the York housing market, the paper provides an insight in to the myriad presumptions and practices enacted by seemingly similar agents as they seek to manage a potential dip in prices. The trade-off between market theory, personal experience, intuition and normative expectations is a consistent theme as actors struggle to maintain confidence in the market for all. More broadly, the paper argues that there is a role for further qualitative study of the way intuitive or emotional processes are intertwined with acts of calculation during the performance of housing markets.
| Original language | English |
|---|---|
| Pages (from-to) | 253-270 |
| Number of pages | 18 |
| Journal | Housing Studies |
| Volume | 23 |
| Issue number | 2 |
| DOIs | |
| Publication status | Published - Mar 2008 |
Keywords
- cultural economy
- buy-to-let
- housing markets
- INSTITUTIONS
- PROPERTY