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The financialization of housing (Example)

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Student’s Name Professor’s Name Institution Name Introduction It is true that adequate housing is a primary right to have enough housing without discrimination. Unfortunately the housing sector has recently been affected by financial institutions which have a massive flow of capital. The right to own a house has become a challenge since the housing sector has become financialised. Nowadays housing is considered as a way to acquire wealth rather than a commodity for human dwelling. Housing is no longer considered a place for human living or where a community thrives. Housing is nowadays used as financial instruments and a commodity for trade in the global market. Housing has lost its original purpose of serving human beings. The paper talks about the financialization of housing impacts on the housing sector real estate properties. Taxes have been put on wealthy properties in order to reduce housing costs for low-income earners (United Nations Human Rights 2017). States have also prohibited foreclosures and evictions that result in homelessness. Conclusion States needs to regulate and engage with financial and private actors to make sure that the policies and actions in which they function are consistent with the theme of the adequate housing to all residents. States must ensure that real estate businesses respond to the needs of households; which is to have secure and affordable housing for all the people. Work Cited United Nations Human Rights UNHR (2017) Statement by the Special Rapporteur on the right to adequate housing Leilani Farha during the Interactive Dialogue at the Human Rights Council. Retrieved from http//www.ohchr.org/en/NewsEvents/Pages/DisplayNews.aspx?NewsID=21264&LangID=E [...]

Order Description:

Assignment is to agree or disagree with the following report: http://www.ohchr.org/en/NewsEvents/Pages/DisplayNews.aspx?NewsID=21264&LangID=E

Subject Area: Finance

Document Type: Reports

This project has already been completed by one of the Studybay experts. The client rated this project:

Project's rating is 5/5

Price $25

Words 825

Pages 3

Completed in 1 day

Expert edduh

Client Review

Very professional and work is completed in a timely manner.

Positive
03.11.2018

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