Abstract

http://ssrn.com/abstract=1931017
 
 

Footnotes (98)



 


 



Shared Equity Housing: Cultural Understanding and the Meaning of Ownership


Michael Diamond


Georgetown University Law Center

2011

Georgetown Law and Economics Research Paper No. 11-22
Georgetown Public Law Research Paper No. 11-122

Abstract:     
In this paper I examine whether shared equity limitations that are sometimes applied to subsidized affordable housing creates for the owners of such housing a second class ownership status. I conclude that they do not. In support of this conclusion, I look at the meaning of property from both cultural and historical perspectives. I argue that property and ownership are culturally constructed concepts that are understood differently in different cultures and in the same culture over time. I examine the series of limitations that have been placed on property in industrial societies and argue that the limitation on equity is just another in a long list of limitations that society has imposed on ownership in favor of a supervening social good, in this case, the preservation of affordable housing for future generations of low-income homeowners.

Number of Pages in PDF File: 25

Keywords: Property, Affordable housing, Low-income homeowners, Subsidized housing, Shared equity

JEL Classification: K11, K19

Accepted Paper Series


Download This Paper

Date posted: September 20, 2011 ; Last revised: October 4, 2011

Suggested Citation

Diamond, Michael, Shared Equity Housing: Cultural Understanding and the Meaning of Ownership (2011). Georgetown Law and Economics Research Paper No. 11-22; Georgetown Public Law Research Paper No. 11-122. Available at SSRN: http://ssrn.com/abstract=1931017

Contact Information

Michael R. Diamond (Contact Author)
Georgetown University Law Center ( email )
600 New Jersey Avenue, NW
Washington, DC 20001
United States
Feedback to SSRN


Paper statistics
Abstract Views: 462
Downloads: 79
Download Rank: 182,113
Footnotes:  98

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo5 in 0.282 seconds