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  Between Investment, Asset and Use Consumption: The Meanings of Homeownership in Japan
 
 
Title: Between Investment, Asset and Use Consumption: The Meanings of Homeownership in Japan
Author: Ronald, Richard
Appeared in: Housing studies
Paging: Volume 23 (2008) nr. 2 pages 233-251
Year: 2008-03
Contents: This paper explores micro-economic aspects of owner occupation in Japan in terms of consumption practices and meanings. It considers variation in the meaningful dimensions of investment and asset building, identity practices and use values, and thus moves from a binary conceptualisation of use value versus investment value, to a more multifarious consideration of relationships between meaning and context in owner-occupied property consumption. Contrasts are made based on the empirical case of Japan, drawing explicitly from qualitative interviews with Japanese homeowners. A specific feature across societies where homeownership dominates in policy and housing demand appears to be the persistence of a set of economic values associated with owner occupation despite market volatility and substantial differences in socio-economic conditions. However, the paper also considers difference in meaningful dimensions of owner occupation, with divergent manifestations of investment, asset and use values in housing consumption. Commodification and micro-structural processes also appear more diverse than analyses of Western housing markets and homeownership consumption have assumed.
Publisher: Routledge
Source file: Elektronische Wetenschappelijke Tijdschriften
 
 

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