Political Economy of Housing

Sila Demirors is Assistant Professor of Political Science and Public Administration at Ankara Yildirim Beyazit University. She received her Ph.D. from the department of Development Studies at SOAS, University of London.

• AcknowledgementsList of Figures and TablesAcronyms and Abbreviations1 General Introduction and Methodology1 What Is This Book About?2 Background3 Analytical Framework and Methodology4 An Intermediate (Operational) Methodology: from ‘Structures of Housing Provision’ to ‘Systems of Provision’4.1 Structures of Housing Provision Approach4.2 Systems of Provision Approach5 Data Collection6 The Structure of the Book2 Ground Rent and Housing1 Marx’s Theory of Agricultural Rent1.1 Differential Rent1.2 Absolute Rent1.3 Monopoly Rent2 Ground Rent in Urban Land3 Ground Rent in Urban Residential Land4 Scarcity, Monopoly Rent and Housing5 Ground Rent and Housing Sub-markets6 Housing, Ground Rent and Capital Accumulation6.1 Localised Monopoly Rent (Development Gains) vs. General Monopoly Rent7 Conclusion3 A Theoretical Investigation for Financialisation with a Focus on Financialisation of Housing Provision1 Financialisation: an Explanandum or Explanans?1.1 Analytical: Understanding Financialisation through Marx’s Theory of Money and Finance1.2 Historical: Thinking Financialisation within and through Neoliberalism1.3 Uneven and Combined Development of Financialisation2 Intensive and Extensive Expansion of Finance2.1 Financialisation of Social Reproduction3 Financialisation of Housing3.1 Housing Development Finance3.2 House Purchase Finance3.3 Social Housing4 Conclusion4 Neoliberal Transformation and Financialisation in Turkey through an Authoritarian Form of State1 Capitalist State as the Condensation of Class Relationship2 The Transition to Neoliberalism and Financialisation in Turkey: from 1980 to 20013 The Consolidation and Institutionalisation of Neoliberalism and Financialisation in Turkey: Post-2001 Period4 Conclusion5 Housing Provision in Turkey — a Historical Overview1 1950–1980: Housing SoP under isi2 1980–2001: Housing SoP in the Early Phase of Neoliberalism3 Conclusion6 State in Housing Provision1  toki as a Particular Articulation of Political and Economic Intervention2 Land3 Planning4 Housing Provision: Is toki a Robin Hood or an Unrivalled Monopoly?5 Emlak Konut reit6 Finance of toki7 Urban Transformation: from Slum Upgrading to Mass Regeneration8 Conclusion7 Consumption of Housing1 Housing Purchase Finance and Mortgage Boom?2 Two Sides of the Same Coin: Financial Inclusion and Exclusion3 Alternative Searches for Further Financial Inclusion: a Shadow Banking-System in Turkey4 Effective Demand in Housing5 Residential Land and House Price Inflation6 Housing as a Speculative Investment Tool: Consumption of Housing for the Appropriation of Monopoly Rents7 Housing Inequality: Wealth Effect and Crisis of Social Reproduction8 Conclusion8 Production of Housing1 A Bird’s Eye Shot to the Housing Supply-Side Dynamics in the Post-2002 Era2 Housing Developers and Housing Production Process3 Housing Development Finance4 The Volume of Housing Production and Housing Stock5 Construction Move: a Political Project and a Macroeconomic Tool6 Conclusion9 ConclusionAppendix 1 Interview Schedule and CodesAppendix 2 Distribution of Non-institutional Population by Equivalised Household Disposable Median Income Groups and Housing Living Conditions Indicators (2006–2018)Appendix 3 Divergence between Construction Costs and House Prices in Turkey (June 2016–September 2018)BibliographyIndex