'We're just existing, not living!' Mortgage stress and the concealed costs of coping with crisis
Files in This Item:
|Download||Waldron_and_Redmond_2016_-_We¿re_just_existing_not_living_-_Mortgage_Stress_and_the_Concealed_Costs_of_Coping_with_Crisis.pdf||1.01 MB||Adobe PDF|
|Title:||'We're just existing, not living!' Mortgage stress and the concealed costs of coping with crisis||Authors:||Waldron, Richard; Redmond, Declan||Permanent link:||http://hdl.handle.net/10197/8142||Date:||24-Aug-2016||Online since:||2018-02-24T02:00:11Z||Abstract:||Following the financial crisis, an extensive literature has examined the vulnerabilities facing mortgagors in default and foreclosure. However, in addition to these 'overt casualties' of the crash, many households are struggling to meet their mortgage payments by enduring severe cutbacks to their quality of life. The experiences of these 'unrevealed casualties' of the financial crisis and the coping strategies they employ to respond to mortgage stress remain under-explored. Drawing on survey data of Irish mortgagors (n = 433), this paper examines the impacts of mortgage stress upon quality of life and mortgagors' coping strategies to respond to their financial difficulties. The findings suggest that mortgage stress affects a broader range of households than previously considered; mortgage stressed households adopt a range of expenditure, employment, finance and housing-related responses; and more punitive responses correlate with greater mortgage stress levels, thereby providing a fuller account of the real cost of coping with the crisis impacts.||Funding Details:||Irish Research Council||Type of material:||Journal Article||Publisher:||Taylor & Francis||Journal:||Housing Studies||Volume:||32||Issue:||5||Start page:||584||End page:||612||Copyright (published version):||2016 Informa UK Limited||Keywords:||Mortgage stress; Financialisation; Coping strategy; Homeownership; Quality of life; Ireland||DOI:||10.1080/02673037.2016.1224323||Language:||en||Status of Item:||Peer reviewed||This item is made available under a Creative Commons License:||https://creativecommons.org/licenses/by-nc-nd/3.0/ie/|
|Appears in Collections:||Architecture, Planning and Environmental Policy Research Collection|
Show full item record
Page view(s) 501,532
If you are a publisher or author and have copyright concerns for any item, please email email@example.com and the item will be withdrawn immediately. The author or person responsible for depositing the article will be contacted within one business day.