Social and Behavioral Sciences Commons^™

Transitory Ownership: A Spatial Analysis Of The Financialization Of The Housing Market In Cincinnati, Oh, Chad Kinsella, Colleen Mctague, Rafael Ranieri

The Journal of Economics and Politics

The mortgage bubble that burst in 2007 created an economic environment where many housing properties were transferred from individual households to investors hoping for quick profits with minimal investment. These properties were traded among investors, businesses, and lenders; they acquired a market identity as financial assets; and many of these properties were acquired by “out-of-area” interests. This study examines properties purchased by out-of-area interests that were sold in 2009 within the City of Cincinnati in an attempt to identify the spatial implications of the financialization of this housing stock. The analysis finds that many of these properties were sold multiple …