pre-course assignmentcentering housing in political economy
thomaz yuji babahelsinki summer school
the walfare city
= political economy
housing sector
relations of power & wealthhousing relations as
boostgrowtheconomy home ownership
as currency= =
home ownership
asset accumulationagainst increased risk in labour
importance of construction sector
= exchange value
and additional subsectors of other housing industries
product
as currency
home ownership
pay to investin production & ownership
can be dilapidated
moreprofits
to enhance the profits
moregentrification+ +=maximizing minimizing
rents maintenance
as market share
loop
home ownership housingmarket s trendingas market share
xELUSIVEcrysis
1
1
owners start to raise the prices
2
new owners appearseveryone wants the share
3
bank loans are usedand money is invested in housing
4
marketdemand is bigger then the supply
5
competitivenesslower the prices
6
owners are unable to paymortgages and loans
7
banks starts tobreak
8
EFFECTIVE DEMANDCRYSIS
9
2 3 4 5
6789
home ownership
STATE INSTITUTITIONS ACT BASED ON THE MARKET
interventionist states makes housing provisions
PROMOTING THE CIRCULATION OF HOUSING AND SPREADING THE CRYSIS
to turn in social reproduction smoother
TO knock out the problemcapitalists starts to invest in a second area
and the institution
home ownership
redling practices ofmortage lenders
minneapolis/US
and social exploitation
home ownership
discriminatory allocationspublic housing companies/gatekeepers
new york city/US
and social exploitation
home ownership
PREDATORY LENDINGFORECLOSURES OF THE SUBPRIME CRISIS
realtytrac press
and social exploitation
home ownership
lack of rightsand knowledge of migrants in poor overpriced housing
creation of thedomestic-servant class
dispossessions engineeredneighbourhood gentrification
evictions effectedmonopoly rents charged by private landlords
and social exploitation
home ownership
owner-occupiedpreferential tax treatment
public or social rentedmostly managed on a non-profit basis
private rented housingalmost no rent regulation
and privatization
home ownership
progressively mobilizedas guarantees for financial assets
social housing as large scaleturned into an strategic relevant field for business
subsidization of home ownershipto lower income househouds held by public and private forces
and commmoditization
home ownership
minha casa minha vida
2009-2013 2009-2013
brazilian social housing program
family with gross income < 1600 €
minimal income should be < 520 €
$
term alienation = 120 monthsinstallments limited to 5% incomeno interest rate
x
social programs and rise
3.240.000 ~ 66.000.000.000 €houses built money invested by government
home ownership
house sellingsduring the construction andlow installments
1
subprime ibuyers not wealthy enoughto have bank funding
2
fake salesincreases agent’s comissionprice inflation and raise inbulding price
3
subprime iibank tries to facilitate creditas the economy is “rising” (effect 3)
4
housing as currency effect + subprime iprice/job rates getting always higher
5
commodificationand mass-production andfall in the prices/jobs
6
social programs and fall
home ownership
social housingas residual sector for the poor
(unitary rental system) (dualist rental system)
public welfare provision is least developed where ideologies of capital dominateprivatized social structures reflects privatist hegemonies
social housingas a sector for the massesx
social programs
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