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Overview"This book studies the cultural framework of the connections between homeownership and social stability in Hong Kong. In the post-war period, homeownership became the most preferable housing choice in developed societies, such as Australia, Britain, Japan, Spain, and the United States. In the financialization era, its proliferation aggregated enormous wealth and debt in the housing and mortgage markets, affecting social stability by creating inequality and housing unaffordability. Hong Kong is the most extreme example of this among developed societies – in recent years, the city has made international headlines both for its housing problem and its social instability. By studying the history of homeownership in Hong Kong over a period of four decades, Chung-kin Tsang proposes that homeownership is inseparable from the social imagination of the future, conceptualizing this framework as ""hope mechanism"". This perspective helps trace the connections between ‘House Buying’ as a hope mechanism – one which is central to subject formation, life goals, and temporal mapping for socially shared life planning – and social stability. Given its unique approach, specifically its use of ""hope"" as an analytical category, this book will prove to be a useful resource for scholars in economic culture and financialization, and Asian Studies, especially those working on the cultural, sociopolitical, and economic history of Hong Kong." Full Product DetailsAuthor: Chung-kin Tsang (Hong Kong Shue Yan University)Publisher: Taylor & Francis Ltd Imprint: Routledge Weight: 0.430kg ISBN: 9780367859633ISBN 10: 0367859637 Pages: 138 Publication Date: 25 May 2021 Audience: College/higher education , Postgraduate, Research & Scholarly , Postgraduate, Research & Scholarly Format: Hardback Publisher's Status: Active Availability: In Print This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of Contents1. Introduction; 2. Financialization and hope: the case of Hong Kong; 3. Hope in the tunnel (1970s–1990s); 4. Transformation after 1997; 5. Hope through waiting for the coming crisis (2010s); 6. Going beyond active and passive hopeReviewsAuthor InformationChung-kin Tsang attained PhD in Communication Studies from UNC at Chapel Hill. His research interests include cultural sociology and cultural studies, urban and housing studies, economic culture and discourses, and popular culture in the East Asian context. He now works as an Assistant Professor at the Department of Sociology at the Hong Kong Shue Yan University. Tab Content 6Author Website:Countries AvailableAll regions |