Real Estate, Finance and Urban Development 5: Financialization of Housing

Type: Paper
Sponsor Groups: Urban Geography Specialty Group, Economic Geography Specialty Group, Political Geography Specialty Group
Poster #:
Day: 4/10/2018
Start / End Time: 4:40 PM / 6:20 PM (Eastern Standard Time)
Room: St. Charles, Marriott, River Tower Elevators, 41st Floor
Organizers: Manuel Aalbers
Chairs: Kathe Newman


Session co-organised with the Regional Studies Association ( Research Network on Financial Geography (

Real estate and finance were at the roots of the global economic crisis that started in 2007. States and their many institutions, including central banks and financial regulators, have also been seen as complicit to the crisis. Cities have recently entered a period of severe economic turbulence, with high levels of financial uncertainty as resources of governments as well as citizens and businesses have diminished. Future funding for urban development is likely to be increasingly limited due to the reform and re-regulation of financial markets and changing underlying financial-economic conditions of urban property markets. This session emphasizes the relation between real estate, urban development and financial markets. In order to understand urban development and redevelopment processes, it is crucial to understand not only the interaction of supply and demand but also the role of state regulation as well as financial forces at work in increasingly international capital markets.


Type Details Minutes Start Time
Presenter Jennie Gustafsson*, Stockholm University, Financialization of public housing and urban governance – a case from Sweden illustrating a changing housing politics due to emerging relations of finance, housing, and the city 20 4:40 PM
Presenter Kevin Martyn*, University of South Florida, Disparate predation? A geography of financial harm 20 5:00 PM
Presenter Melody Chiong*, University of California, San Diego, Gary Dymski, University of Leeds, Jesus Hernandez, University of California, Davis, Minority banking and the logic of reinvestment in racialized urban space: Migration, housing, and finance in pre- and post-crisis California 20 5:20 PM
Presenter Isil Erol*, Ozyegin University, New Geographies of Residential Capitalism: Financialization of Turkish Housing Market since the Early 2000s 20 5:40 PM
Presenter Anna Kramer*, University of Waterloo, Urban planning and the commodification of housing: A case study of Toronto 20 6:00 PM

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