‘The Best Investment of Your Life’: Mortgage Lending and Transnational Care among Ecuadorian Migrant Women in Barcelona

After Ecuador’s worst economic downturn in 1999, women left the country in the thousands. They migrated for economic reasons but also hoping to distance themselves from gendered duties and obligations that confined them to oppressive feminine roles. Less than a decade later they bought into Spain’s housing bubble in an effort to ‘make up’ for their departure. I argue that Ecuadorian migrant women’s decisions to buy mortgaged homes in Barcelona were in part informed by their conceptualizations of domesticity, care giving, and motherhood. For women portrayed as culpables or ‘culprits’ for leaving Ecuador and failing to upkeep their caregiving responsibilities in their country of origin, the promise of homeownership became a way of accomplishing complex forms of transnational caregiving as well as upward mobility. This article focuses on gendered conceptualizations of care, motherhood, and kinship amongst Ecuadorian migrant women and the relationship these notions have with housing financialization.