The Unbounded Home: Property Values Beyond Property Lines

Overview

The Unbounded Home grapples with a core modern reality — that the value and meaning of a home extend beyond its property lines to schools, shops, parks, services, neighbors, neighborhood aesthetics, and market conditions. The resulting tension between the homeowner’s desire for personal autonomy at home and the impulse to control everything that could affect the home’s value fuels continual conflict among neighbors and communities. 

The home’s unbounded nature implicates ...

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Overview

The Unbounded Home grapples with a core modern reality — that the value and meaning of a home extend beyond its property lines to schools, shops, parks, services, neighbors, neighborhood aesthetics, and market conditions. The resulting tension between the homeowner’s desire for personal autonomy at home and the impulse to control everything that could affect the home’s value fuels continual conflict among neighbors and communities. 

The home’s unbounded nature implicates nearly every facet of residential life, from the financial vulnerability of homeowners to the persistence of segregation by race and class. This book shows how innovations that increase the flexibility of property law can address critical issues of neighborhood control and community composition that have been simmering unresolved for decades — and how homeownership itself can be reinvented to better deliver on its promises. 

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Editorial Reviews

Richard Schragger
"Lee Anne Fennell is one of the most sophisticated property theorists writing today. She has produced a serious book, full of ideas that will change how we think about property, local government, and, most importantly, the home. Fennell shows brilliantly how one can reconfigure our current property arrangements so that they better align with the interests and incentives of homeowners living in a highly urbanized metropolitan area. The Unbounded Home is an extremely important and timely book. It brings our understandings of what property is and what it does up-to-date."—Richard C. Schragger, University of Virginia School of Law
Harvard Law Review
“Fennell argues persuasively for a more fluid conception of residential property ownership. . . . anyone with an interest in law and economics will profit from the book’s entertaining and informative examples.”—Harvard Law Review
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Product Details

  • ISBN-13: 9780300122442
  • Publisher: Yale University Press
  • Publication date: 9/1/2009
  • Pages: 312
  • Product dimensions: 6.10 (w) x 9.20 (h) x 0.70 (d)

Meet the Author

Lee Anne Fennell is professor of law at the University of Chicago Law School. 

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Table of Contents

Acknowledgments ix

Introduction 1

Part I Property out of Bounds

1 Beyond Exclusion 9

2 Constructing the Home 25

3 The Commons and the Anticommons 45

Part II Spillovers within Neighborhoods

4 Managing the Neighborhood Commons 67

5 Adaptive Options 96

Part III Community Composition

6 Association and Exclusion 123

7 Property in Association 147

Part IV Reconfiguring Homeownership

8 Breaking Up the Bundle 173

9 Homeownership, Version 2.0 197

Conclusion 219

Notes 223

Bibliography 263

Index 291

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