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Liquid home? Financialisation of the built environment in the UK’s ‘hotel‐style’ care homes

Horton, A; (2020) Liquid home? Financialisation of the built environment in the UK’s ‘hotel‐style’ care homes. Transactions of the Institute of British Geographers , 46 (1) pp. 179-192. 10.1111/tran.12410. Green open access

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Abstract

This paper combines the political economy of financialisation with feminist care ethics and sociocultural geographies of home. Together, these perspectives explain why and how real estate is converted into liquid financial assets, and expose the implications for embedded relationships. The argument is developed through a case study of UK care homes, with particular attention to the role of real estate investment trusts. Investors in care companies have sought to render their real estate assets more calculable and profitable, by standardising the assets themselves into hotel‐like spaces. In effect, the work of translating between liquid finance and particular homes is transferred – from investors to those creating relationships in hotel‐like spaces. Yet the fundamental illiquidity of residents, relationships and ‘home’ constrain and destabilise financialisation. The paper concludes by discussing the implications of ‘liquid home’ for economic, urban and welfare geographies, and recommends that policy pay more attention to the financing of spaces for care.

Type: Article
Title: Liquid home? Financialisation of the built environment in the UK’s ‘hotel‐style’ care homes
Open access status: An open access version is available from UCL Discovery
DOI: 10.1111/tran.12410
Publisher version: http://dx.doi.org/10.1111/tran.12410
Language: English
Additional information: This is an open access article under the terms of the Creative Commons Attribution License, which permits use, distribution and reproduction in any medium, provided the original work is properly cited. The information, practices and views in this article are those of the author(s) and do not necessarily reflect the opinion of the Royal Geographical Society (with IBG). © 2020 The Authors. Transactions of the Institute of British Geographers published by John Wiley & Sons Ltd on behalf of Royal Geographical Society (with The Institute of British Geographers).
UCL classification: UCL
UCL > Provost and Vice Provost Offices
UCL > Provost and Vice Provost Offices > UCL SLASH
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Geography
URI: https://discovery.ucl.ac.uk/id/eprint/10109141
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