Semi-peripheral financialization and informal household solutions

Urban Farm DB summary

This chapter examines the 2000s housing financialization wave in Hungary, analysing financial over-inclusion and exclusion -- alternating dynamics of reaping gains and externalizing costs. It shows that "intermediate" rural-urban transitional zones are prime areas for high-risk mortgage lending while also containing spaces excluded from institutionalized housing finance, using as its case study an allotment garden where households combine formal jobs and mortgage repayment with informal dwelling to reduce housing costs, arguing that such informal reproductive solutions function as a resource for capital accumulation through inclusion and exclusion.