Work

Re-Imagining Housing Provision from Markets to Welfare

Year: 2024

Type: article

Abstract: Cities around the world are facing a global housing crisis characterized by rising unaffordability, slums, gentrification, inequality, and urban segregation. The Global Financial Crisis highlighted the detrimental impact of highly financialized housing markets. This Article argues that transitioning from a market-based to a welfare-oriented approach is both necessary and feasible to ensure the right to adequate housing for everyone. This shift requires a fundamental re-imagining of housing issues, recognizing that the root causes lie in a political economy where law plays a pivotal role, crossing traditional boundaries between private and public law. We illustrate the legal foundations of adopting a welfare-based approach to the political economy of housing law, contrasting it with a market-based approach in three key areas: Land use regulation, housing finance, and rental markets.

Source: German Law Journal

DOI: 10.1017/glj.2024.69

Authors: Irina Domurath, Diego Gil

Institutions: Adolfo Ibáñez University, Pontificia Universidad Católica de Chile

Language: English

Topic: Housing, Finance, and Neoliberalism

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Sustainable cities and communities, Peace, justice, and strong institutions, Reduced inequalities

Open Access status: gold

Estimated APC paid: $2,590