How finance and politics have caused the global housing crisis
The most comprehensive survey of the current crisis, Urban Warfare
charts how the financial crisis and wider urban politics have left
millions homeless and in financial desperation across the world.
The financialization of housing has become a global catastrophe, leaving
millions desperate and homeless. Since the 2008 financial collapse,
models of home ownership, originating in the US and UK, are being
exported around the world. Using examples from across the globe, Rolnik
shows how our cities have been sold to construction companies and banks,
while supported by government-facilitated schemes, such as "the right to
buy" subsidies and micro-financing. Our homes and neighbourhoods have
become the "last subprime frontiers of capitalism," organised by those
who benefit the most.