The shifting housing opportunities of younger people in Japan’s home-owning society
2012
A normative and pervasive life-course pattern has been embedded in the development of Japan’s post-war homeowner society. In the past, many middle-class
families have successively ascended the housing ladder, thus attaining home
ownership (Hirayama, 2007). The private ownership of housing has provided a
material basis for securing homes and accumulating assets, but has also been a
key symbolic marker of membership in mainstream society. Since the middle of
the 1990s, however, it has become increasingly difficult for younger generations
to acquire a foothold on the rungs of the property ladder (Forrest and Hirayama,
2009; Hirayama, 2010; Hirayama and Ronald, 2008). The notable decrease in
the number of young people following conventional life courses and housing
careers has implied that the traditional organization of Japan’s home-owning
society is unravelling.
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