ABSTRACT

The private rental sector (PRS) is making a surprising comeback. A central argument in our paper is that we see the rise of PRS and the associated stagnation of homeownership as springing from the contradictions inherent to financialized homeowner societies. Rather than a feature of either mature or late homeowner societies, contradictions of the promotion of homeownership through the expansion of mortgage markets paved the way for a revival of the PRS. Our case is the Netherlands, but our argument has a wider remit. We sketch the dominant trends in Dutch housing policy and present an overview of the rise of PRS and Buy-To-Let in Dutch cities. We identify how housing policies and realities have driven a shift from a debt-driven to a wealth-driven model of financialization, in which the demand for PRS as an investment class and as a place to live has become central.

摘要

私人租赁行业（PRS）正在出人意料地卷土重来。我们论文中的一个核心论点是，我们认为 PRS 的兴起和相关的房屋所有权停滞源于金融化房主社会固有的矛盾。通过扩大抵押贷款市场来促进住房所有权的矛盾，而不是成熟的或晚期的房主社会的特征，为 PRS 的复兴铺平了道路。我们的案例是荷兰，但我们的论点有更广泛的范围。我们勾勒了荷兰住房政策的主要趋势，并概述了荷兰城市中 PRS 和购买出租的兴起。我们确定住房政策和现实如何推动从债务驱动向财富驱动的转变金融化驱动的模型，其中对PRS作为投资类别和居住场所的需求已成为核心。