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Melissa García-Lamarca. Photo.

Melissa García

Associate senior lecturer

Melissa García-Lamarca. Photo.

«Deuda hipotecaria fallida, persona fallida» : La financiarización de la vivienda y la vida en cataluña

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

Author

  • Melissa García Lamarca

Summary, in English

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.

Publishing year

2019

Language

Spanish

Publication/Series

Arbor

Volume

195

Issue

793

Document type

Journal article

Publisher

CSIC Consejo Superior de Investigaciones Cientificas

Topic

  • Human Geography

Keywords

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

Status

Published

ISBN/ISSN/Other

  • ISSN: 0210-1963