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Very excited for @raquelrolnik talk on financialisation of housing in Latin America and how it fits with #WallStreetConsensus
The extreme manifestation of housing financialisation is that constructed space doesn't need to be used to be an asset class.
Global processed inscribed in local political economies, with state important protagonist in destroying alternatives to financialised housing- starting w Chile under Pinochet, Thatcher and Reagan.
Financialisation of housing in Mexico or Brazil done via public banks!
Post Lehman, new wave of housing financialisation - global corporate landlords like Blackstone buying defaulted houses to rent them out, from monopoly position that allows them to extract higher rents at will (Atlanta)
Housing PPPs in Brazil are housingwashing, displacing the poor and committing public funds/land that could be used for community-led housing projects.
Brilliant talk, finishes w a worrying reflection on Chile: massive popular mobilisation in Brazil in 2013 captured by extreme right
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