Putting the Financialisation of Housing in the ‘Rights’ Place: A Multi-Scalar Perspective

Monday, 16 July 2018: 15:30-17:20
RC21 Regional and Urban Development (host committee)

Language: English

The 2017 UN’s special rapporteur for housing, sets out how unregulated global capital has not only rapidly distorted real estate markets, but has also disconnected housing from its social function of providing a place to live in security and dignity, thus undermining the realization of housing as a human right. The increased intertwining of finance and real estate was a prelude to and intimately bound up with the global economic crisis, yet the post-crash context have been particularly dynamic as new roles are cast for private-equity firms and other financial actors in the ‘for-rent’ residential sector and as states engineer new policies to further affirm the treatment of housing as a financial asset. One upshot of these new financialized visions of housing and of the city more generally has been to accentuate sharply housing accessibility crises and socio-spatial segregation. This session examines the financialization of housing at a variety of scales using a ‘rights’-based framework by inviting papers that address some of the following:

  • How pre- and post-crash processes of housing financialization are forged, governed, contested, experienced and performed?
  • What is the role of local communities? How do they cope with everyday affordability problems in the current climate of welfare state retrenchments, predatory lending practices, displacement and eviction?
  • What roles do state and financial actors play in promoting housing financialization? What are the impacts of the entrance of private-equity companies and REITs as the new asset owners and landlords in post-crash cities?
Session Organizers:
Lidia K.C. MANZO, Maynooth University, Ireland and Sinéad KELLY, National University of Ireland Maynooth, Ireland
Lidia K.C. MANZO, Maynooth University, Ireland
Oral Presentations
What, If Your Pension Destroys Your Home? Right to the City Struggles Against the Pension Fund of the City of Basel
Jonas AEBI, Department of Cultural Anthropology, University of Basel, Switzerland; Malte FLACHMEYER, University of Basel, Switzerland
From Cottage to Mill: Short-Term Rentals and Community Conflict
Lily M. HOFFMAN, CCNY & Graduate Center, CUNY, USA