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The Revival of Private Landlords in Britain’s Post-Homeownership Society

Author

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  • Richard Ronald
  • Justin Kadi
Abstract
Homeownership has been declining in favour of private renting in most developed English speaking countries since the early-2000s. Public debates in countries like Britain, Australia and the US have subsequently focused on the ostensible coming of age of ‘generation rent’, constituted of younger individuals excluded from home buying and traditional routes to housing asset accumulation. While the focus of this paper is the significance of access to housing assets as a means to offset potential economic and welfare precarity, our concern is landlords rather than tenants. Drawing on British survey data, we show that the rental boom has been accompanied by increasing multiple property ownership among classes of largely middle-aged and relatively affluent households. Over one-million small-time landlords have emerged in the last decade alone, who, we argue, are part product of historic developments in housing markets and welfare states. Generations of British have not only been orientated towards their homes as commodity assets, they have also begun to mobilise around multi-property accumulation in a context of shifting welfare and pension expectations.

Suggested Citation

  • Richard Ronald & Justin Kadi, 2018. "The Revival of Private Landlords in Britain’s Post-Homeownership Society," New Political Economy, Taylor & Francis Journals, vol. 23(6), pages 786-803, November.
    • Handle: RePEc:taf:cnpexx:v:23:y:2018:i:6:p:786-803
    DOI: 10.1080/13563467.2017.1401055
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    Citations

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    Cited by:

    1. Antoine Paccoud, 2020. "The top tail of the property wealth distribution and the production of the residential environment," International Journal of Housing Policy, Taylor & Francis Journals, vol. 20(1), pages 100-119, January.
    2. Matthew Palm & Katrina Eve Raynor & Georgia Warren-Myers, 2021. "Examining building age, rental housing and price filtering for affordability in Melbourne, Australia," Urban Studies, Urban Studies Journal Limited, vol. 58(4), pages 809-825, March.
    3. Paccoud, Antoine & Niesseron, Pauline & Mace, Alan, 2020. "The role of ethnic change in the closing of rent gaps through buy-to-let gentrification," LSE Research Online Documents on Economics 102985, London School of Economics and Political Science, LSE Library.
    4. Katsinas, Philipp, 2021. "Professionalisation of short-term rentals and emergent tourism gentrification in post-crisis Thessaloniki," LSE Research Online Documents on Economics 108590, London School of Economics and Political Science, LSE Library.
    5. Cody Hochstenbach & Richard Ronald, 2020. "The unlikely revival of private renting in Amsterdam: Re-regulating a regulated housing market," Environment and Planning A, , vol. 52(8), pages 1622-1642, November.
    6. Nicole Cook & Kristian Ruming, 2021. "The financialisation of housing and the rise of the investor-activist," Urban Studies, Urban Studies Journal Limited, vol. 58(10), pages 2023-2039, August.
    7. Rachel Ong ViforJ & William A.V. Clark & Susan J. Smith & Gavin A. Wood & William Lisowski & N.T. Khuong Truong & Melek Cigdem, 2021. "Tenure transitions at the edges of ownership: Reinforcing or challenging the status quo?," Environment and Planning A, , vol. 53(8), pages 1993-2011, November.
    8. Giovanni Semi & Marta Tonetta, 2021. "Marginal hosts: Short-term rental suppliers in Turin, Italy," Environment and Planning A, , vol. 53(7), pages 1630-1651, October.
    9. Adrienne Csizmady & Lea Kőszeghy, 2022. "‘Generation Rent’ in a Super Homeownership Environment: The Case of Budapest, Hungary," Sustainability, MDPI, vol. 14(14), pages 1-18, July.
    10. Adam Goldstein & Ziyao Tian, 2020. "Financialization and Income Generation in the 21st Century: Rise of the Petit Rentier Class?," LIS Working papers 801, LIS Cross-National Data Center in Luxembourg.
    11. Philipp Katsinas, 2021. "Professionalisation of short-term rentals and emergent tourism gentrification in post-crisis Thessaloniki," Environment and Planning A, , vol. 53(7), pages 1652-1670, October.

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