Nadav Penn
Research focus
The research “First time home buyers in the liquid modernity era” aims to provide better understanding of the growing phenomenon of rent-vestors. Rent-vestors are households who live as renters in one location, while owning real estate (which they rent out) in a different location. They buy a house they can afford which provides a sense of security for future welfare and the possibility of wealth accumulation. They do this while keeping their own flexibility as renters, living in hubs of capital (star cities). In this sense they are a product of the liquid modernity era in which capital (flows) has grown in power over politics and in which stability is rare commodity. The research will strive to unearth who (and why) amongst the young adults follows this strategy; what precisely are the strategies that are being deployed; and what is the effect of this strategy on society, and more concretely on spatial inequalities in the housing market.
Research focus
The research “First time home buyers in the liquid modernity era” aims to provide better understanding of the growing phenomenon of rent-vestors. Rent-vestors are households who live as renters in one location, while owning real estate (which they rent out) in a different location. They buy a house they can afford which provides a sense of security for future welfare and the possibility of wealth accumulation. They do this while keeping their own flexibility as renters, living in hubs of capital (star cities). In this sense they are a product of the liquid modernity era in which capital (flows) has grown in power over politics and in which stability is rare commodity. The research will strive to unearth who (and why) amongst the young adults follows this strategy; what precisely are the strategies that are being deployed; and what is the effect of this strategy on society, and more concretely on spatial inequalities in the housing market.
