By Chris Paris
Regardless of the present recession, the frequency of moment domestic possession remains to be strangely excessive during the western global. whereas the united kingdom and eire formerly had reduce occurrences of a number of dwellings in comparison to the remainder of Europe, they're speedy catching up with a present surge within the possession of moment houses. the hot MP costs scandal within the united kingdom has additionally drawn consciousness to the superiority of moment houses (or extra) in the center sessions, and the truth that the idea that is turning into more and more well known. Chris Paris makes use of this article to deal with the explanations in the back of why moment houses have gotten extra renowned, either in the traditional abode of the members, and in nations. The socioeconomic elements and historic contexts of houses in cultures the world over are basic to explaining the alternatives in transnational domestic possession, and Paris’ case stories and comparisons among extra houses in Europe, Australia, the United States and Asia extend upon the inducement for individuals to possess a moment domestic. Affluence, Mobility and moment domestic possession attracts jointly debates on gentrification, globalisation, consumerism, environmental components and funding to supply a balanced examine the professionals, and cons, of moment domestic possession, and what implications it has for the longer term. an excellent textual content for college kids learning geography, urbanism and making plans, this booklet can also be of curiosity to contributors drawn to the altering ways that we make offerings on our areas of place of dwelling.
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Additional resources for Affluence, Mobility and Second Home Ownership (Housing and Society Series)
The growth in the ownership of second homes in other countries was conceptualised by Hall and Müller (2004b) as an expression of globalisation or changing regional identities: the growing phenomenon of households from affluent countries purchasing dwellings in many other countries is explored further in Chapter 4. 34 Homes, second homes and many homes Many other reasons for owning or renting second homes relate to household, family and other relationships. Widespread demographic changes in terms of household formation and the mix of household types, together with more frequent breaking and blending of households, require the abandonment of linear models of standard ‘life cycles’ and ‘housing careers’.
I sold the Cornish cottage for £120k, realising what I’d put into it except my own labour, exchanging the capital for US$170k, the purchase price of a nice, adequate property in the Florida Keys suitable for spending decent chunks of time, seasonal monthly letting to pay overheads, and maybe even retirement. The value of the property in Florida stood still for most of the time I owned it. The value of the sold Cornish property almost quadrupled in the meantime! But after a while the Florida Keys seemed increasingly like an anorexic city, 180 miles long by 200 yards wide, whose residents are either migrated consumer product specialists or issue-ridden fundamentalists Prices in southern Ireland were still compatible with the Keys and there were still bargains that no one wanted, because the Celtic tiger wanted only new.
Williams and Van Patten, 2006: 35) Citizens of different countries have hugely different capacities to be mobile, both in terms of the financial costs of mobility and differential rights to mobility (relating to national jurisdictions etc). In some countries it may be easier for non-nationals to buy a second home, to come and go more freely than nationals and to be regulated by different rules and legislation (legal access to alcohol, tax free shopping opportunities etc). Some governments actively seek transnational investment by second home purchasers, for example Malaysia and Dubai, but others, most notably Australia before 2009, have imposed barriers to second home ownership by non-citizens.
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