GEOG 350 Lecture Notes - Lecture 24: Subprime Lending, Fordism, Building Society
Document Summary
The partially global nature of housing - as argued by albers. Albers state that housing has a global nature to it --> housing is national in nature. Most developed/wealthy country has a national housing policy. Also local --> because housing is rooted in specific local places. E. g. the housing situation in vancouver is different from the housing situation in hong kong. Also global --> global because the structure of mortgages has fundamentally changed over time. Housing commodity has intersected with global financial markets. Mortgages is essentially what makes housing global in nature. Periodization of the societal organization of housing --> housing as part of the social realm, he indicated that there are 4 major eras under urbanization. Pre-modern period --> first phase where humans began to concentrate in densely packed cities, occurs due to enclosures, eviction of poor people, forcing of urbanization (by going to the city to do factory work)
