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Finance, Home Building, and Urban Residential Structuring
Author(s) -
Orderud Geir Inge
Publication year - 2011
Publication title -
antipode
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 2.177
H-Index - 98
eISSN - 1467-8330
pISSN - 0066-4812
DOI - 10.1111/j.1467-8330.2011.00875.x
Subject(s) - structuring , norwegian , deregulation , finance , investment (military) , neoliberalism (international relations) , financialization , gentrification , capital (architecture) , economics , perspective (graphical) , investment banking , financial services , sociology , market economy , political science , economic growth , political economy , law , linguistics , philosophy , archaeology , artificial intelligence , politics , computer science , history
The aim of this article is to improve our understanding of finance in home building by introducing an actor perspective in structure‐oriented theories of capital circulation. David Harvey's three‐circuit theory, with fixity‐motion processes and (de‐/re)‐territorialisation, is taken as the starting point. The analysis is based on a case study of Norwegian home‐building finance, outlining the emerging structure of housing and finance under the Norwegian version of neoliberalism; comprising deregulation and re‐regulation phases. The article delineates today's home‐building finance, and identifies large banks, small banks, large investment funds and small investment funds as structural actors operating within actual fixity and motion processes, causing a distinct territorialisation of urban landscapes, as exemplified by gentrification.