A significant body of geographic research has explored the relationship between finance and real estate. However, such work tends to follow boom-and-bust cycles of speculative investments. This tendency has produced an episodic pattern of inquiry in which similar questions are pursued and similar conclusions derived. As a result we know a lot about the crisis tendencies that can result when real estate markets become dominated by investors seeking to capture value, and about the consequences of speculative activity for the urban landscape and everyday life. But we know much less about how the real estate-finance link is rebuilt in the space between the bust and the next boom. I am interested in advancing geographies of finance by attending to financial capital’s ongoing importance in reproducing urban space, beyond the moment of crisis and its immediate aftermath.
Socio-technical and political workings of financialization
Financialization is a process often understood in terms of patterns of accumulation, corporate priorities, and the apparently complex workings of capital markets and financial instruments. But it is also a process that is intimately tied in with everyday life: the global financial crisis taught us that the fate of local housing markets and indeed households and homeowners is very much enmeshed with the operations of global financial markets. I am interested in how people encounter, question, and struggle with the financial markets, actors, and imperatives with which their lives are intertwined. Furthermore, I want to understand financialization not as a monlithic process, but one achieved through a web of actors and institutions, and through devices such as market data and information-communication technologies.