Centering Housing in Political Economy

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Assignment Centering Housing in Political Economy

Transcript of Centering Housing in Political Economy

Page 1: Centering Housing in Political Economy

pre-course assignmentcentering housing in political economy

thomaz yuji babahelsinki summer school

the walfare city

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= political economy

housing sector

relations of power & wealthhousing relations as

boostgrowtheconomy home ownership

as currency= =

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home ownership

asset accumulationagainst increased risk in labour

importance of construction sector

= exchange value

and additional subsectors of other housing industries

product

as currency

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home ownership

pay to investin production & ownership

can be dilapidated

moreprofits

to enhance the profits

moregentrification+ +=maximizing minimizing

rents maintenance

as market share

loop

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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

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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

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home ownership

redling practices ofmortage lenders

minneapolis/US

and social exploitation

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home ownership

discriminatory allocationspublic housing companies/gatekeepers

new york city/US

and social exploitation

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home ownership

PREDATORY LENDINGFORECLOSURES OF THE SUBPRIME CRISIS

realtytrac press

and social exploitation

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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

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home ownership

owner-occupiedpreferential tax treatment

public or social rentedmostly managed on a non-profit basis

private rented housingalmost no rent regulation

and privatization

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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

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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

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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

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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