«Failed mortgage debt, failed person»: The financialization of housing and life in Catalonia

Research output: Contribution to journalArticleResearch

Abstract

© 2019 CSIC. Based on eleven months of engaged ethnographic research with the Platform for People Affected by Mortgages (PAH) in Barcelona and Sabadell, this article proposes that the financialization of housing goes hand in glove with the financialization of life itself, which includes subjectivity and the body. The financialization of life occurs when life is subsumed into the mechanisms of rent extraction through the circuits of (urban) capital accumulation, a process of proletarianization. This article illustrates how, upon the impossibility of paying one’s mortgage, life proletarianized within the mortgage relation becomes a failed life. These arguments are developed theoretically in relation to political economy and through the lived experience of people unable to pay their mortgage.
Original languageEnglish
Article numbera514
JournalArbor
Volume195
DOIs
Publication statusPublished - 1 Jan 2019

Keywords

  • Catalonia
  • Financialization
  • Mortgage debt
  • Plataforma de Afectados por la Hipoteca (PAH)
  • Proletarianization

Fingerprint Dive into the research topics of '«Failed mortgage debt, failed person»: The financialization of housing and life in Catalonia'. Together they form a unique fingerprint.

Cite this