The BPW is also a member of The European Action Coalition. The coalition is launching an international campaign against large-scale commodification of housing. It is the result of the elaborate neo-liberal capitalist course that, in every European country, makes life a commodity in every possible way. Whether it is squares, public space or the most basic basic needs such as housing and living. Deregulation of the housing market puts commercial interests above all of us and allows those parties to turn housing and housing into common commodities. It is not only real estate agents and housing associations who are involved in this, large visible or invisible investors and hedge funds, treat houses as commodities, not places to live in.
” the European Action Coalition is launching a campaign against the financialization of housing.
The financialisation of housing is the result of the expansion of neo-liberal capitalism and its propensity for the commodification of all spheres of life. Neo-liberal deregulation favors the private sector by appropriating housing and transforming it into a commodity.
The complete transformation of housing into goods, not only a commodity in the real estate markets, but also in the financial markets. This transformation allows speculation as well as the reduction of the social function of housing, both as an essential social need and a fundamental human right.
In addition, a mixture of new laws and deregulation facilitates the possibility for the private sector to financialize and allow speculation.
Against the power of finance in housing and in cities. We decided to have a broad-based campaign that talks about the many forms of financialisation, and gave a lot of scope for member groups to push on their own issues. Though this there was general agreement to have an awareness-raising campaign that included local struggles. ”
SOURCE: European Action Coalition