Farsha - Scope of Financialization of Houses and Effects

Created at the piercing pinnacle of the Housing financialization plague and amid an epidemic of homelessness, it is a highly symbolic, sensitive tale that cries out the story of States failing to embrace the right to adequate housing as a vital part of their responsibility. It is, in the deepest sense calls for attention on the realities, by both States and International Communities.

Farsha’s report invades into State caused homelessness havoc by recognizing its failure to address surreal individual circumstances and ubiquitous structural reasons for this calamity, Mainly global financial actors and unprecedented amounts of excess capital. Her recommendations on human rights obligations for State outline the blueprint for examining the core characteristics and anomalies of homelessness. She proposes a bold global initiative to eliminate homelessness in keeping with target 11.1 of 2030 Agenda for Sustainable Development, which commits to ensuring access for all to adequate housing by 2030.

Scope of financialization of houses and effects

The questionable transformation of housing sectors reached crescendo when it was adapted into a rapturous reward by global actors of finance. What we knew as a human dwelling and a place to live in dignity became a messy parable of the rift between housing as human right and housing as commodity. In the decades since, adequate housing has become a financial instrument for financial corporations. As we have seen, financial institutions and banks has repeatedly been using housing as heavens for parking excess capital.

A subtle reminder of increase demands for housing assets has separated low income groups from their affordability. A demoralizing trend