The short definition of the financialization of housing is when housing is used as a place to park, grow, leverage, or hide big money. Contained within that definition is a host of financial tools and structural changes in housing and financial markets, whereby housing is treated as a commodity. The problems brought about by this behavior are multi-faceted and far-reaching. The exact impact varies in each country depending on the laws and policies in place, making it sometimes difficult to recognize the effects of financialization.
The Shift has created a number of resources outlining the effects of financialization, detailing the ways it is worsening the global housing crisis, and what steps governments can take to better protect their citizens from powerful financial actors whose primary objective is to make a profit. We have also directly corresponded with some of the largest perpetrators of this behavior, urging them to consider the long-term impacts of their business practices. As we produce more resources on the subject, we will continue to share them with the world.
If you would like to collaborate with The Shift, or work with us as consultants on financialization and the right to housing, please reach out to us at email@example.com