Debt-encumbered homeowners are geographically more vulnerable than capital

Evidence

Modern, debt-encumbered homeowners in weak housing market situations, with strong social interests in staying in a particular milieu, are much more vulnerable. While some capitalists are plainly more mobile than others, they are all forced to some degree or other to ‘put down roots,’ and many can ill afford to change locations as a result. — David Harvey, The Condition of Postmodernity, 1508

Categorization

• XREF: Connects to the asymmetry of capital vs labor mobility that underpins post-Fordist urban restructuring debates. — connects to: Formal damages remedies structurally undercompensate debtors inside an implicit capital market. — Lisa Bernestein, Opting out of the Legal System, 155

Broader Connections

• Formal damages remedies structurally undercompensate debtors inside an implicit capital market. #expands (0.78) — Lisa Bernestein, Opting out of the Legal System, 155